Tuesday, November 10, 2009

SNVP, Nov 9, 2009

SNVP day chart
SNVP 5min chart
A strange-looking event: 1) the last piece of meaningful news on SNVP was issued on Nov 2nd. 2) on Nov 9th, the stock opened with a huge gap and a spike in the volume (see charts) -- this looks as if tons of buy orders were submitted before the opening bell (not something a professional would do) 3) downward dynamics prevailed already in the first 30 min of trading. Kind of makes one think of stock manipulation.

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