A 'LOT' is relative. I just mean in terms of ability to move the stock price just a relatively small amount.
Last year when Ferguson was the big news, one day in August the volume of a penny stock, LLLI, was almost 30 million shares with an avg price of around 10 cents. SO, $3 million went into that stock that day. Just 5 trading days prior, the volume was zero. ZERO. So, clearly almost every trade that day was a short term trader who likes pink sheets. IMSC at 70 cents would trade over 4 million shares with an equivalent interest.
Implant Sciences, and what they are doing, is KNOWN to IMO at least 50% of those traders who bought LLLI. Too much 'exciting' news and too many days of 'radar-worthy' action has brought it to their attention. It's likely on many of their 'watchlists' and they've had plenty of time to get ready to buy in just before the 'big news' period of the year for them.
I don't know what you mean by 'people who count'. I'm simply talking about enough buying vs selling to push the price up 10-20%. That doesn't take a lot of people. It's just demand vs supply. And really what retail investor in their right mind is selling IMSC right now? At the least I think all would agree that it's fewer than would have sold a month ago at the exact same price.
