JFD...if, as some people believe, PRST has been manipulated with a bullish bias by market makers trading small lots back and forth, hitting the ask with a round lot to support the price when the stock shows a sell-imblance, and/or employing what other tricks they may or may not have up their sleeves, then a move to the NYSE would alleviate that alledged mechanism of price support because the NASDAQ and the NYSE are different typees of markets, the former being run by Market Makers, the latter by Specialists. Also, SOES talk seems to have subsided over recent months, but as I understand it, SOES Bandits can't fare nearly as well on the NYSE as in the OTC market. Of course, and I say this as a PRST bear, the market can and has been rigged both in favor of shorts as well as longs. At any rate, that's my take on it.
Momo |
