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Re: None

Friday, 07/06/2018 7:09:37 PM

Friday, July 06, 2018 7:09:37 PM

Post# of 48511
72M Bid. 65M ask. Pronouncing large blocks of share gives the participants a false sense of value. What matters most is what's attached to those shares. Owning or trading lots of share may be great for cocktail parties with comments like "What a tough day today, I traded 15M share." The reality is that it's only $13.5k. The amount hardly puts anyone even in a minor trader's league. On the other hand if 70M shares are on the selling block, out of 890M float, then that means 8% of company is technically ready to be traded, or in other words, way too much. When reviewing tangible companies, a healthy daily trading volume would be less than 1%.