Endexx Corp (EDXC)

[jzinvestment]

Volume before price is perhaps the most commonly used false claim regarding price movement. Have you ever done time series analysis vs. volume to see some level or correlation or perhaps co integration? Fortunately I have for many many securities. There is no significance. Volume is a function of supply and demand. Lack of volume means that there is little of either supply or demand. Unfortunately, the pink sheets rarely have an abundance of demand due to a cyclical news and event structure. They are not like Apple with daily buzz. Moreover, it seems that EDXC shareholders are in it for the long run so there is little on the offer. Now some securities or products have intrinsic demand. Like SPY derivatives, due to their natural hedge against strongly U.S. Equity correlated portfolios. Again, OTC stocks do not posses this intrinsic quality. So in short, the volume has little to do with direction and more to do with the spread. Greater volume facilitates two sided liquidity and tightens the spread. Thats about all. The volume seen in the other ticker mentioned is synthetic because irs largely speculative scalping. They don't have the tight shareholders like EDXC.