Post by
ValuePro on Nov 16, 2022 3:28pm
What the ---
At this moment, NL is down 20 percent in Canada on large volume but up 22.5 percent in the US on MONSTER volume.
I've never seen anything like this, and can't even guess what it means.
Comment by
Backstreets on Nov 17, 2022 7:15am
So basically same SP as pre 10 -1 rollback, brilliant. Did somebody get a whiff of bad news ? Is so called debt holder lashing out again ? Enquiring minds want to know.
Comment by
ValuePro on Nov 17, 2022 4:57pm
Today it traded on significant volume too. And while it was up 25 percent in Canada, it was flat in the US. Where can the volume be coming from? I've no clue.
Comment by
ValuePro on Nov 18, 2022 12:50pm
Same funny stuff today. I suspect NL has become a target for arbitrage.
Comment by
ValuePro on Nov 21, 2022 4:17pm
Different today - up in both markets; 25 percent in Canada, 10.2 percent in the US. I still suspect arbitrage.
Comment by
ValuePro on Nov 22, 2022 5:28pm
Here's a re-editing of part of the previous message: "The next day, the price in the US seems cheap at the open. It goes up on parity. Sell it there. Repeat in different ways so long as someone else is unknowingly participating."