RE:Who/Why are they driving NVO dnpaulindoon wrote: Watching action on level II seeing offers of 100 shares jump in just as the bids rise.
Am wondering if there is someone(s) trying to get a position at lowered prices.
Suspicious action.
There are plenty of investors looking to short Novo now. Their market cap is high, the share price has been more than parabolic, and their discovery model requires a leap of faith. There are also a growing number of investors wanting to take a position because they believe this is Wits 2.0 and a must-buy opportunity. Extreme volatility will be part of the game. My guess is some large investors will take big positions whenever the stock dips. They could be driving the dips to open up shares at a better price. This is likely a repeat of what happened with Voisey's Bay, Aurelian, and other major discoveries. I am holding now. A major player could surprise us with a bought deal at a high premium and drive the share price up 25%.