The Pro's Are Working PeopleThis is the part of the program that can be frustrating to watch and we have seen this pattern before many times in the past. Institutional buyers start the day off testing the waters, which is why I think you see such wide spreads sometimes from the bid and ask. Then they buy moving the SP up, quite often on small volume especially on the Canadian market where the trading volume is always lagging the U.S. side.
Then like clock work the pro's start to lower or pull their bids with a couple of hours or so in the trading session and back down she comes, allowing them to scoop up cheaper shares. Trading volume has a lot to do with how much manipulation goes on. Prime example : roughly 36,000 shares traded in Canada, stock down $.40 cents on the day and it was the last trade that knock the price way down. I think about 160,000 shares traded in the U.S. and down $.14 cents, more volume harder to manipulate.
Ya I know who cares right? Just an observation pointed out to me in the past by the poster gibbonsj. I thought at first this person was grasping at straws, but I started paying more attention to the trading patterns of both Viemed and Quipt stock and agreed with his opinion. It certainly appears that it is getting harder for buyers to acquire a descent size position in Qipt without driving the price up, I suspect the same can be said for VMD. It will become even harder when the daily trading volume gets lower. I also like his new saying, which goes " You have pay to play" GLTA.