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As of June 25, 2024, FOXO Technologies Inc.'s (FOXO) public float was 5.23 million shares. Other key data for FOXO stock at that time included: Market cap: $3.59 million, Shares outstanding: 13.37 million, and 52-week range: $0.22–$3.45.
Here is an equally import data point that should help you assess the financial wherewithal of investors trading this stock. The average trade size over the past several trading days subsequent to the announcement of the reverse acquisition of RNVA has been $132 per trade. Pretty small potatoes if you have any meaningful amount of money to put to work for you. If you have less than 500.00, then it is a perfect fit although extremely risky. If you have upwards of 100k, this stock is not for you. Look to SMCI, NVDA, AVGO, LRCX, ASML if you want to play the picks and shovel end of the AI trade with that kind of capital.
With the average player with 200.00 bux in his pocket??? Sure. The average trade will still be 200.00.
Not interested, You should do that calculation every day whereby you divided the total dollar volume by the number of trades. Both date points are readily available. The typical penny stock seems to be around 300.00 average trade size across the OTCBB. I've done the math and it is the main reason a player like me with over 1 million in trading assets avoids these plays like the plague. You just can't move that much paper without disturbing the price discovery mechanism and essentially making a market in your own trade. That's insane. I live in Vegas and play quite a bit of poker. There are the 5 dollar room and the high roller rooms. Rule of thumbs is you familiarize yourself with the max bet limits and set you expectations accordingly. The most I have seen anyone walking out of a 5 dollar room is a few thousand, That is the OTCBB, You want to walk out with 100k plus on average, you go to the high roller room. That means the bid board the nasdaq. There simply isn't enough liquidity in the OTCBB to absorb a big position like $100 or $200k on one trade. The only reasonable bet on the OTCBB dictates that you stay with the average trades size that you calculated otherwise you get stuck in junk that you cannot trade.
Good luck but as you can see, I have only had this position in NVDA since the 5/24/2024 and I am up already almost 40,000.00 plus another 4 or 5k on a married call, and short put up about 8k. 53k about a month. That's the way I roll.
This just in...
https://investorplace.com/2024/06/jefferies-just-raised-its-price-target-on-nvidia-nvda-stock/
Any analyst covering FOXO? LOL yeah right!
Whales? LOLO Average trades size in dollars over a quick snapshot, 42 bux. Piker trash not worthy of a trading account.
Indicator Price Size Time $Trade
T 0.2676 100 12:16:02 26.76
T 0.26805 100 12:16:02 26.81
T 0.26805 100 12:16:02 26.81
T 0.26765 100 12:16:02 26.77
T 0.26805 100 12:16:02 26.81
T 0.26765 100 12:16:01 26.77
T 0.2673 100 12:16:01 26.73
T 0.268 1055 12:16:01 282.74
T 0.2677 100 12:16:01 26.77
T 0.2673 100 12:16:01 26.73
T 0.2673 100 12:16:01 26.73
T 0.2672 135 12:16:01 36.07
T 0.2677 100 12:16:01 26.77
T 0.2673 100 12:16:01 26.73
T 0.2681 100 12:16:01 26.81
T 0.2681 100 12:16:01 26.81
T 0.2681 100 12:16:01 26.81
17 720.41
AVG 42.38
Thanks for the advice but I made the right call and doubled down on NVDA and put FOXO on my "Avoid list".
https://stocktwits.com/Victhestick/message/577621300
I will manage my position using options to protect my position.
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