NanoViricides Inc. (NNVC)

[mike41]

I wouldn't be so sure. The first mistake that those that break the rules or the law is they don't think they will be caught.

Actually, there is evidence of stock price manipulation. I have watched NNVC trade all day for months while I do my day trading. What I see, especially on low volume days like today, are block trades that don't show up on Level II, on the order of 1k to 50k shares, both buying and selling that don't change the bid/ask at all or only a penny or so. I have multiple realtime stock bid/ask feeds so I see the bigger picture. Large block trades that don't change the bid/ask while normally there are instantaneous, significant changes in the bid/ask for larger block trades, that do show up on the Level II, is the telltale sign. This is also where the volume controversy comes from. Additionally, successive trades of 100 to 500 shares at a time, oscilating and spaced out over time, can bring the price down 10 cents or more in a fairly short period of time, ie 10-30 minutes without block trades. Someone called this the crab walk. The end of day trading is suspect as well. What I see are these large block trades, that don't show up on Level II coupled with the 100 share variety to drive the price down right at the close.

All this has been described by some to be cooperative trading between hedge funds. You get a few hedge funds doing this, they can control the pps on low volume. If the cooperating hedge fund scenario is true, then there is collusion between these hedge funds to do this, which is illegal.

It should be a matter of record for the SEC to sort this out if they were so inclined.