RE:RE:RE:RE:RE:RE:RE:Interesting tradingI totally agrre with everything you say, but we seem to have drifted off topic. The discussion started, I believe, in speculation as to the unusual volume and jump in pps. A number of theories have been presented, one of which may be the case, but I personally have know idea which.
My interest is purely academic. I do not have a position here and, most likely, never will. But, maybe there is something to be learned for future reference. The possibilities seem to be:
1. Inexperienced investors, or simply stupid experienced investors, who see an opportunity where none exists.
2. People who know something about a future event that the general public does not.
3. Someone manipulating the pps because of an upcoming private placement.
None of these theories hold water, IMO. #1 would require people with more money than sense, which is clearly possible. But what is the reason for showing up now, without somebody pumping it? #2 would have to be people trading on inside information, a dangerous practice. (Oh, I forgot, this is Canada and the OSC has no teeth.) #3 makes even less sense, as it would cost some dollars and then the company would have to get investors to buy into a pp at an inflated price. If news was released just before the pp, then this would fall under # 2 again.
Any other scenarios?
Piper