Thursday, February 16, 2017 10:03:06 PM
Huge bull volume coming in.
Here's a quote from a post one guy made on another message board - Stockhouse.
All credit to this user "Yardsale"
"Nice volume today with a raising share price.
Here's just something I follow as part of my DD:
The amount of share trades during the day versus volume of shares sold; or average shares per transaction.
Looking back over the last 4 months the average number of shares per transaction has been around 1000. Some days slightly more, some slightly less. ~ So about 100 000 shares in volume for every 100 transactions.
Have a look it's quite consistant. lol.
The highest volume day yet for OGI, (Nov 16, 2016) which was also the day of the 52 week high was 1000 shares per transaction on average.
On Nov 3, 2017 (first day of trading after the first recall) we had an average share per transaction of just over 1100.
Today, the average was 1850 shares sold per transaction. Almost 2x the amount for the past 4 months.
If a higher number of shares per transaction indicates that big (smarter?) money is buying in, then this could be saying something.
One of the very few times in the last 5 months that the average shares per transaction was this high was September 30, 2016. (2240 SPT)
Over the next 12 trading days, the share price went from $1.70 at open to $3.00 at open. A 76% increase..."
Read more at http://www.stockhouse.com/companies/bullboard/v.ogi/organigram-holdings-inc?postid=25857856#pZzqluRd5a2iiGcV.99
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