What We All Can Agree with Here is That When There are Tiny Volume Trades and the Quote is Based on Them, the Quote Seems to Lack Integrity as it Doesn't Reflect What the Dominating Price Activity of the Day Was.
Specifically, Yesterday, 99% of Trades Were 0.36 and Below with Quite a Majority of the Approximately 55,500 Trades in the Lower 0.30's...Only 100 Shares Traded at 0.4797 and 100 Shares Traded at 0.44.
The Quote Listed as 0.4797 seems to be misleading...We Need Much Higher and Consistent Volume at a Certain Price...Whether it is an Increase in Price to 0.4797 or the Decrease Days ago Down to 0.195 (there was only 300 or so Shares Traded at 0.195 which was also a Small Percentage of that Day's Trades)
The Quote just doesn't seem Credible either way ,Up or Down, without Significant Volume at that Specific Quoted Stock Price.
*We Need More Cowbell...Ahem, More Volume.
Best Wishes,
Gratzi
*"More Cowbell"[a] is a comedy sketch that aired on Saturday Night Live on April 8, 2000. The sketch, which fictionalizes the recording of the song "(Don't Fear) The Reaper" by Blue Öyster Cult, features guest host Christopher Walken as music producer "The Bruce Dickinson", and regular cast member Will Ferrell, who wrote the sketch with playwright Donnell Campbell, as fictional cowbell player Gene Frenkle, whose overzealous playing annoys his bandmates but pleases producer Dickinson. The sketch also starred Chris Parnell as Eric Bloom, Jimmy Fallon as Bobby Rondinelli, Chris Kattan as Buck Dharma and Horatio Sanz as Joe Bouchard"¹
Footnote:
1. Wikipedia
