Has upticking returned to the TSX? part 3

Being the last trading day of quarter end and all, I thought we’d look back at a few names from a recent post (see prior post “Has upticking returned to the TSX? part 2“, September 4-07) and see how the shares performed yesterday. To remind, these shares lept out on the final day of the August trading calendar:

Atlantis Systems (AIQ) up 12.5% on August 31st on 81k shares traded; yesterday, shares closed unchanged on 28,000 shares.

Coventree (COF) up 12.5% on August 31st on 142k shares traded; yesterday, the shares closed up 37% on over 1MM shares traded. Oddly, there’s still no press release about what has driven the price from $0.60 to $2.39 between Wednesday and Friday (see prior post “When does Regulation Services step in?“, September 27-07).

Digital Dispatch (DD) up 17% on August 31st on 1k shares traded; yesterday, shares closed unchanged on 1,300 traded.

Qustream (QVC) up 24% on August 31st on 6k shares traded; yesterday, shares closed unchanged on 3,800 traded.

Syscan International (SYA) up 19% on August 31st on 90k shares traded; yesterday, shares closed unchanged on zero volume.

Other than Coventree, which is being pulled higher by invisible skyhooks over the past three days, none of the other stocks highlighted at the end of the August trading month experience any move whatsoever. It was as though they were nailed to the wall.

On the TSX as a whole, 1858 different stocks traded yesterday, and 87% of them went either higher or lower. Interesting that of the group I noticed last month, four of the five were traded yesterday, but only one of the four (25%) saw its share price move.

Perhaps it isn’t statistically significant, but what a difference a month makes.

New candidiates for focus this month include:

Canadian Income Management Trust (CNM.UN:TSX) rose 32% on 4,000 shares traded, right after the lunch hour.

Centreplate (CVP.UN:TSX) rose 16% on 1,800 shares traded. Three little trades after the noon hour and again at the close served to drive the price up.

Kingway International (KIH:TSX) rose 51% on 16,153 shars traded. Stock made its move after lunch.

Spectral Diagnostics (SDI:TSX) rose 18% on 17,300 shares traded. The timing of the trades is very similar to Centreplate.

World Heart (WHT:TSX) rose 62% of 4,754 shares traded. Most of the move happened in the last few minutes of trading.

Interesting, isn’t it?

MRM