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Bullboard - Stock Discussion Forum YM BioSciences Inc YMI

NYSEAM:YMI - Post Discussion

YM BioSciences Inc > REVERSAL IN SHARE PRICE AGAIN
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Post by cacfa on Dec 15, 2009 11:44am

REVERSAL IN SHARE PRICE AGAIN

Again, we see share price go down shortly after release of good news.  Seems like somebody is trying to keep share price in tight trading range - $1.15 to $1.30.  Volume is low so relatively easy to accomplish.  Anybody have any other thoughts?
Comment by rooki14 on Dec 16, 2009 9:08am
Could be that they want to keep price of merger down.Just a thoughtRooki
Comment by CatchinTheKnife on Dec 17, 2009 4:26pm
The North American markets are notorious for this type of manipulation.  Institutions and banks will often drive down or hold down a share price in order to maximize the amount of shares they will receive when the company needs financing.  I have not looked into the cash position of the company, but this would probably be worth looking to see if they will need financing in the near ...more  
YM BioSciences Inc
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