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Re: None

Tuesday, 07/02/2019 1:34:34 PM

Tuesday, July 02, 2019 1:34:34 PM

Post# of 43835
Mind you all, I'm just postulating here...and as you can see, I rarely post.

Is the solution to the riddle of why millions of shares were traded at around $8.35 the following:

How did the Russell find SO MANY willing sellers of CVM shares on Friday at JUST around $8.35? Had the Market Makers amassed those shares in the weeks leading up to the 28th? Seemed SO CIVIL a day of transactions which normally would have forced a much more significant price adjustment (upward). In other words, from whose hands were those millions of shares snatched? Got any good ideas?

Since you asked, I think I do:

When the stock was dipping--on volume--from around an intraday high of $8.49 to below $4 per share weeks ago, would it not have been PRE-UNDERSTOOD by the Market Makers (knowing that CVM would be entering into the Russell 2000 at the end of June) that they had been given a TACIT ASSURANCE that, were they to accumulate shares from weak hands on the way down, and somewhat on the way back up, that they would have a GUARANTEED buyer of the shares weeks later on June 28th!!!

Do I hear "BINGO" in the background. Their PROFIT--in some cases a more than 100% DOUBLE--was made between sub-$4 and $8.35...NOT on any pop FROM $8.35 to $10 or $12 on June 28th.

Furthermore, the dip today MAY be related to letting the related ETFs buy in at an average less than the somehow magical $8.35...

But what do I know???
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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