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S&P 500
5,718.57
(
0.28%
)
US TECH 100
19,321.60
(
0.00%
)
Dow Jones
42,124.65
(
0.15%
)
Brent Oil
74.27
(
0.73%
)
Bitcoin
63,549.98
(
0.35%
)
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PokerStar

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Re: stockchaser64 post# 139787

Tuesday, 07/22/2014 4:14:05 PM

Tuesday, July 22, 2014 4:14:05 PM

Post# of 158400
The volume is ridiculously low for a stock with 3 billion outstanding shares to be taken down 10% in one trading session. Most stocks in this price range would need volume of 40-50 million to drop 10%. This should be an eye opener for all longs that this is a concerted effort by a small group of traders, probably selling off 50% of their holdings to take the price down, then rebuy at the lower price. I would be worried if we traded 100 million shares and we dropped 10%, but only 8-15 million is really just a joke. Know what you own. GO BMSN.

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