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S&P 500
5,949.17
(
-0.60%
)
US TECH 100
20,191.20
(
-0.77%
)
Dow Jones
43,750.86
(
-0.47%
)
Brent Oil
71.36
(
-1.18%
)
Bitcoin
88,905.70
(
1.79%
)
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larrybaz

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larrybaz

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Re: None

Friday, 02/02/2007 7:43:12 AM

Friday, February 02, 2007 7:43:12 AM

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Mike, nice board and it went up fast!

Prior to yesterday's volume surge of 730k shares, the average trading volume according to Yahoo was 5-6k shares if my memory serves me correctly. Looking back over a few months, I see quite a few days where the stock didn't even trade.

I am viewing yesterday's action as a liquidity event. Any large holders would have had a tough time selling their shares without torpedoing the price in the recent past.

Many huge winners will be found here among the micro-caps. You probably have one in your portfolio right now. There will be many seemingly good reasons to sell it too early.......

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