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Re: None

Wednesday, 01/23/2019 3:55:38 PM

Wednesday, January 23, 2019 3:55:38 PM

Post# of 11293
Notice the recent volume.

Jan 18, 2019 3.78 3.80 3.51 3.66 3.66 805,700
Jan 17, 2019 3.50 3.85 3.41 3.71 3.71 1,083,000
Jan 16, 2019 3.56 3.58 3.20 3.35 3.35 744,600
Jan 15, 2019 4.15 4.30 3.30 3.65 3.65 2,236,900
Jan 14, 2019 3.68 3.80 3.40 3.75 3.75 2,366,500

Then think back to last May, when we noted that the lack of volume when it was trading at $0.98, would make it difficult to buy a meaningful stake.

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Reverse Panic! (5/22/18)

Well, let's dream someone needed (for whatever reason) to own $2 million worth of WTER the morning of May 2nd. That day's volume was 4,500 shares or $4,410 at $0.98. It would take 500 days to fill the order at that rate!

Then if he/she looked back at March they would have seen there were days when it traded 2,800 shares, 1,000 shares and even a day when the volume was zero.

That's when buyers panic sets in. No one wants to drive a stock up with their own buying. No one.

So what a size buyer to do? You don't put up a bid for 2 million shares and hope someone who got scared by someone calling it a scam will hit your bid. In reality, that kind of behavior would send any and all sellers into hiding.

You can try to 'quietly' buy 100,000 shares a day...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140986225




Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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