WILN vs SWSH Naz ListingSimilar to WiLan, Swisher Hygiene (TSX: SWI) recently listed on the NASDAQ (SWSH).
So far the timeline / trading profile for Swisher has looked like this:
Before listing: There was a small run up in anticipation of the listing on large volume. From $6 to $6.80
Day 1-A subsequent price drop at the listing back to $6 (on modest volume)
Month 1-A price consolidation at $5.80-$6 (which lasted about 2 months)and it took about 3-4 weeks before big institutions started buying (price remained stable).
Month 2- Swisher's story caught fire and the stock almost doubled in a week and volume on NASDAQ is roughly 10:1 Nas/TSX
Month 4-A couple of critical articles brought the stock back down to the $6 dollar range.
The moral of the story is that i expect there to be a 3-4 week lag until the US houses do their research. Of course, every story is different and WiLan may move a little faster if Q1 numbers look better than expected. I own both stocks, but I'm much more excited about WiLan's prospects in the short term.