12-28-2019, 04:14 AM
(12-21-2019, 07:47 AM)Monk3 Wrote: I have traded for a profession for 18 years. I have never seen something like this. I have absolutely no idea what is going on. My NUS.TO shares got converted to NUSMF shares automatically by my broker in August.
Someone is trying to gobble up all the shares they can as cheap as they can get them. Everyday I say "Hey, sell them since when has turning down a couple thousand been a bad thing?" I'm not selling, I'll no doubt end up with zero but I'm not selling. Yes something is going on here. I have no idea what. Before bankruptcy normal volume 20K-40K maybe... for months. Now, average 400K with days of 1M+ shares being traded. Been following NUS since 2006, not stopping after 13 years.
US markets employ Market Makers that basically have to buy and sell shares to keep the market liquid. I'm guessing they are continuing to trade NSMF since its not suspended yet.
A "market maker" is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price. You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets. Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers." Many OTC stocks have more than one market-maker.
Market-makers generally must be ready to buy and sell at least 100 shares of a stock they make a market in. As a result, a large order from an investor may have to be filled by a number of market-makers at potentially different prices.
To learn more about the basics of trade execution, you should read Trade Execution: What Every Investor Should Know.