InvestorsHub Logo
Followers 87
Posts 5529
Boards Moderated 2
Alias Born 07/06/2014

Re: vines3 post# 462

Thursday, 10/06/2016 4:14:25 PM

Thursday, October 06, 2016 4:14:25 PM

Post# of 3695
What I have learned is that these sales are not necessarily ones that ordinary traders will be able to capture. It has happened to me a number of times that my bid is overlooked and a super low price is hit, it might be market makers doing some activity.

Anyway, today was a record day of shares traded for this stock (a day in July looks awfully close) and minimal movement (10%) of the stock, which I find to be very strange. While it appears that 9 cents was a bottom, I would like to have seen it move to at least 15 cents on volume, but it did not. There must have been (so far) a tremendous amount of inventory that people want to get out of, but at this price, it makes not sense to me.

Depending on the path and volume the stock takes, I wouldn't start selling until at least 15 cents, but we'll have to see, maybe this could really run, gotta keep an eye on it. Certainly the Ask # shares is deceptive, as it often is.