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Re: inspector joe post# 1159

Wednesday, 12/23/2015 12:35:51 PM

Wednesday, December 23, 2015 12:35:51 PM

Post# of 1737
The bid - ask on the open was (0.03 - 0.06). When 300 shares are sold 'at the market' they are sold @ 0.03. This is the wild west of pennyland. On volume like this, at the end of the day with 30,000 shares changing hands the dollar value of those trades is apx. $900.00 . Until there are 2 to 4 million shares in volume on a daily basis this stock is on hold. Only news that hit the mainstream financial media (i.e. Dow Jones News wire, FXBN, CNBC etc.) will substantially move this stock. You can add sell or whatever, the rollout of the Sling-Shot App will dictate the news.
Share volume in the hundreds of thousands to millions daily will not be chump change.It will mean the arrival of the 'Holy Unwashed, the day-traders (who provide liquidity) and last but not least the lemmings.