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Re: pijoe post# 10443

Thursday, 07/17/2014 3:39:44 PM

Thursday, July 17, 2014 3:39:44 PM

Post# of 106837
Slow day? NO ONE said "slow day"? It was a "slow MORNING" and unusual opening? Guess you missed the open when the stock sat, not a single trade crossing the tape for close to one hour and then very few trades and low vol for the subsequent hour after that?

That's generally not "normal" or healthy? When this stock gets in the high-spread, lower vol it's in right now, running on PR about largely nothing, it's gonna go lower, if history is any gauge.

PR "fatigue" sets in sooner or later, IMO. It broke the 50 DMA for 5 days in a row before the little PR about a "grand opening, blah, blah" and the MM's using ultra wide-spread mode (as in 10% or more spreads often) of today and yesterday. It won't last IMO.