Spectral Medical Inc T.EDT

small trades

[eileenwright999]

I'm hoping someone can answer this for me as I am a very uneducated investor.

Why would someone trade less than 500 shares when the price is so low? I have seen many of these trades over the years her for as little as 1 share. And it seems Latimer is always part of those weird trades. I did some research a ways back and someone said that they are trading signals. I looked at patterns...like today's first trade was 325 (which I read 300 means take it down), and lo and behold it goes down. 

I asked this question a few years ago and got bashed for it. Nobody had any real input. It is bugging me too much. I'd like an answer.

Is there anything to this or is it all coincidence and Latimer just likes small trades?

[BlueJays9293]

House 36, Latimer, is the assigned Market Maker for EDT on the TSX exchange.  As the exchange assigned Market Maker, Latimer executes all 'odd lot' trades for EDT on the TSX only, and not the 6 other electronic exchanges that EDT can sometimes trade on.  People like to call these other exchanges dark pools but that's a bit of a misnomer because any one can see these trades

[eileenwright999]

Thank you for taking the time to write this out, BlueJays9293. I really appreciate it!

[BlueJays9293]

Being long 'inventory' can only cost you what you paid for it. A long 'inventory' can only go to zero, nothing more, but a short inventory, can go to infinity. Being short 'inventory', can take down an entire firm. Just ask the boutique funds in October of 2008 that needed Volkswagon shares by the end of the day or they were done. Good luck to you Eileen Wright?

[SimonSaid]

Never quite understood the shorting of EDT; upside limited to cents, but the downside could be significant once the trial and subsequent FDA approval occurs...am I missing something?

[mercedesman]

I see shorting as a short term price control tactic, useful only in particular ways for a thinly traded off-the-radar Cdn microcap stock. Doesn't take many shares ( up to 2m or so = less than 1% of float) add a couple of cooperative brokerage houses, a few FUD workers and maybe a Market Maker and Bob's your uncle.  Once volume returns ( expected in the months leading up to Top Line

[hmmmmmmmm]

You can add on that Management are the least sophisticated communicators with the weakest game theory I've ever witnessed.   They have an elementary school understanding of PR- including: We announce our enrollment at the beginning of each month…    When that’s the way you play your hand- of course shorts and manipulators will run all over you. Time to co on before CG