Interesting trading in Torvec this week........
Monday saw the stock open at $3.95 thanks to 6 trades in the electronic markets where a total of 3,138 shares were bought before the market opened that drove the price up $0.80.
Tueday the stock bid down to $3.00 so some idiot could sell 10,000 shares to start the day. Then the MM raised the bid back to $3.25 the second they took in the sellers stock at $3.00
Also Tuesday ,the MM seemed to have a difficult time deciding what the bid/ask should be for Torvec. They changed either the bid or the ask nearly 200 times during the day by a penny or two at at time, almost playing with the price. Just weird behavior, even for the MM's.
And now today we see an electronic trade for 25,000 shares after the market closed which I'm just going to guess was a trade between market makers.
After the markets closed today....
08/22 4:53:18p U 25000 3.3000 Elect. T
This will have anyone not paying attention thinking the stock actually traded 33,725 today when it fact it only traded 8,725 shares.
Can't wait to see what tomorrow brings.
