RE:This stock is riggedNot rigged. Just market action. for example, I just entered a position today. Not 34000 shares, but enough to leave a small gap if only for a minute ( or second) or two.. If I had entered one of those orders, at the same as the aforementioned 34000 lot sell... well, Bobs your uncle.
Remember. Only 400 000 shares traded hands. A 34000 share market sell order can drop this like a stone. A 5 c gain on either side of the trade is 1700.00. Do that with 141000 capital, a few times @ say 4.15 a few times and serious money comes fast.
In the small/ micro cap market, I expect to lose. ( anyone remember Enterprise! Lol) So if I can flip 1/2 the position for a dime or two and re enter in the gap, with more shares, and cash in hand ta boot.... Always a good thing.
I think this is the best untouched stock in the canadian medical market right now. So I am long. But the overall volatility makes it attractive to sell a few 1000 shares for a dime. Yes, it's pennies... But a couple 1000.00 trades with a few 1000 shares in my pocket going long, can make all the difference in a month to my own portfolio. Also.... Numbers are out tomorrow. I'm betting they are good. There are those who are cashing in today ( maybe your 34000 board lot) thinking its gonna sh#t bricks.
Now being allowed to write a short report without really hard evidence, or consequence... That's rigged. Mind you that Sino forest guy was pretty much right on the money. But then again, 1/2 companies in the venture prettying up their annual reports, advertise their never to be mined discoveries, and fold after a year is acceptable. We are all still here.
Im not bashing. This is a good company in a good market. In an aging population, any company that specializes in putting you to sleep, while they shove tubes up your butt is bound to make money. They just don't have time for it in real hospitals.
glta
BWB