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Re: cj 13 post# 86910

Sunday, 04/27/2014 6:16:56 PM

Sunday, April 27, 2014 6:16:56 PM

Post# of 120634
It doesn't matter what the stock did on Friday. People played the bounce. The grey sheets are no fun. The volume was 114M Friday. That volume consisted of people covering, flipping and a lot of selling. The flippers bought and then sold. The flippers are out, the shorts are out and the sellers are out. That leaves the people that believe the stock will go up. Watch the volume over the next week. It will tell the story. I will speculate/guess the volume on May 2, 2014 will be 1M or less. As the volume dries up, the price will go down and down. As the price goes down, it will be increasingly difficult to trade (either buy or sell). People were commenting on Friday that it took a while to get their orders filled with 114M volume. Just imagine trying to get an order filled with much less volume. The grey market is not a place I want to trade. I will be watching this on the sidelines.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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