The share price over the past week or so has been in a very narrow trading range, just above $2.00. I have been watching closely how, hour after hour, there are ongoing small buy orders being placed for 100, 200, 500 shares at $2.03 and $2.04. Orion and CIBC have been two of the main houses creating the orders. The net result is that the share price has stayed just above $2.00.
Any thoughts on the strategy being played out, Lunch Meat or others? Is this an attempt to create a new "bottom" or foundation from which to launch when a significant event occurs or a hot news release comes out? This isn't high enough to make it worthwhile for $2.00 warrant holders to exericse. I suspect that the share price could just as easily be dropped by .10 or .20 if that was on the agenda. Not sure which way to expect this to go next. JMHO.
NorthLion