Good post DoLittle! I would just like to add that anyone who does not have level 2 it was obvious to see the manipulation today. When the stock price was moving down, you could see asks being added, always a few blocks over the last transaction. However, when the trend reversed, some of the asks were pulled. The strategy here is simple. Make people think that a lot of shares are available in this price range, others that panic will want to sell and throw themselves in front of the dummy asks and the price continues to slide and these manipulators accumulate shares at a lower price. Do not be fooled. When we look at a graph of Noront in 3 months, do you think that 3.75 will be high or a low? JPM is buying! That again should tell you where the price is going long term.
I did talk to the office briefly today and I asked if they would consider selling their shares right now. The answer was that they would have to pry them out of my hands. Things are crazy busy there, even more than usual as they are moving the office. They are taking over the whole floor of where they were previously located. So this company is growing and the SP does not reflect our current value and if this getting you depressed, have a drink, go play golf but whatever you do, stay away from your sell button.
Glorieux