Noranda Income Fund Unit T.NIF.UN

RE:RE:RE:RE:RE:RE:Big bids

[Bigbird999]

Tinfoil hat warning

I can think of two terms.  Wash Trading and Matched trading.  But both of these are illegal so that can't be it....... And usually this type of manipulation is used to pump a stock to a higher price by creating the illusion of demand.

But what if this is some kind of "reverse" matched trading which is being used to keep the lid on the share price of this thinly traded stock.  This is where you put on the tinfoil hat......

I have posted many times that I believe NIF has a very small float of shares (maybe as few as 4 million).  It would take an incredibly brave individual to short this stock because they could get killed in a short squeeze.  But, other than minor details like securities law and morals, there isn't much to stop a small group of "investors" from selling their stock back and forth.  Put in a bid late in the day and buy at $2.85. The seller then puts in a buy order at $2.83  and the guy that bought them puts in a sell order a few days later at market terms and unloads them for $2.80 or so.  Get several of these collaborating "investors" involved and they could keep churning the same few hundred thousand shares at a loss of 1 or 2 cents per share and keep a lid on the SP.  Now if only we knew who might benefit from keeping the share price low........................

BB