Where will the price of CEHD be at the close of the year??
Well, here are some interesting numbers for you.
Right now the average daily Volume is 40.3K . Now consider that there are 15 trading days left this year plus a day with an early close. To put these numbers in prospective: The market is open for trading for 6.5 hours each day. the 15 days times 6.5hrs = 97.5 trading hours. Then add the 3.5hrs for the short day and you have a total of 101 Trading hours left from right now until the close on 31 Dec 2014. Now take that average daily volume of 40.3K and divide it by the 6.5 hrs of each day to get the hourly trading volume. 40.3 divided by 6.5= 6.2K shares traded per hour on average. Now multiply that 6.2 by the 101 trading hours left and you get 626.2K . That becomes the number of shares that will be traded between now and the end of the year.
Now apply a little common sense. Even if myself and a couple others share holders here whom like I, may hold shares in the 6 digit area and we ALL decided to sell for whatever reason, we still could NOT equal anywhere near that volume!!
So, if the daily volume can hold, or even equal 2/3 of that then most of that volume would almost have to be buys!!
Again, NOT saying it will flow this way! Just that when you take a good hard look at the trading history from a numbers vs Volume , you get a pretty nice picture!
Of course, if real positive news comes out and volume spikes, you can multiply those number accordingly!!
Again, these numbers may not continue to hold so consider the next sentence!
Pennies are risky, but if you have to chose risk this is probably one of the A number one pennies to be in right now!
Best to all,
Danni
