DragonWave Inc DRWIQ

Whats going on here?

[Rookie89]

Its still going down on low volume everyday after the big sprint news. This should be going up not down after that.

[barneyj44]

Agree, I can see a little profit taking from the day traders but this is heading back to where we were trading before the 4 positive news release's . Something fishy going on.....

[newatinvest011]

probably shorts and day traders. Things will level out and start moving back up when financials show positive results based on recent news release. Not a good time to start panic selling.

[biggerr]

alright, it has consolidated enough after almost doubling last week, time to move back UP AGAIN

[newatinvest011]

I am not concerned about the share prices going down on low volume. This is just stock manipulation trying to get people to panic sell to get cheap shares. There is no indication of mass exit from lack of support at this price range, low volume means confidence in share price. It will go back up eventually from financials or more news.

[barneyj44]

Agree what a manipulated stock, should of seen it coming , a couple weeks ago we traded 23 million shares in 1 day, kind of suspicious seeing how we only have 5.5 million shares. Now the powers to be   are moving it back to $3

[Nick00777]

The stock is being manipulated. During last 4 days the bid and ask price is always in increment of 5 cents (3.20, 3.25, 3.30, … ). This means the same organization sets the bid and ask price and buying/selling at any price in between. Since organization make the stock price to decline, investors panic and sell, and that organization buys. This is the way to buy considerable amount of shares

[jayroysmith]

Agreed. Its the nature do to the low float/volume. Isnt it odd how it trnded down right before the sprint contract?  ;) Nobody substantial is selling. The stock is @ 0.18 $ pre split with all these contracts its a screaming buy.

[Bigpaulbunyon]

It may be a screaming buy but there are not enough buyers , 

[newatinvest011]

All the news that came out recently has no monetary value to it. Buyers will start coming in when the money is announced via financials or news release. What I don't get is why this obvious share price manipulation is not being investigated, probably due to such low numbers that they can't be bothered with it.

[killabear]

This is called the 5 cent rule that was implemented recently for small company stocks. You can read it here:  https://www.wsj.com/articles/sec-finalizes-tick-size-pilot-for-smaller-company-stock-1430949237 However, yes the stock is under big manipulation... with all the news recently this should be trending up not down. I am little bit worried if they really wanna drive it back to 3 to