Recent content by fishfillet

it's a natural resources / mining company. In this specific jurisdiction, the continuing bid being the one and only one order placing in the market, becomes the closing price. Therefore we have the preferred stock price doubled in a year with no turnover at all!! Of course the most obvious...

this is one possible explanation, but relationship between this person and the company couldnt be established...this person seems to be an unemployed dude doing nothing all day but trading in and out of small stocks

Hi all here is a rather puzzling scenario: We have a preferred stock that's very thinly traded - almost no turnover in the past 2 years. There is this person who has been placing bid orders on this stock knowning (or unknowing) there is no sellers out there. Eventually the closing price has...