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Saturday, December 03, 2022 12:58:13 AM
On 5/18/21 there were 3.4 BILLION traded.
Opened @ .0063 and closed @ .0044 - a 30% decline on MASSIVE volume.
The following day saw 2.1 BILLION traded.
Opened @ .0045 and closed @ .0042 - a 6.6% decline on MASSIVE volume.
On 5/27/21 there were 970 million traded.
Opened @ .0086 and closed @ .0074 - a 14% decline on very high volume.
Since then, volume hasn't surpassed 300 million on a single day.
My point is, volume doesn't indicate jack shit in pinkyland.
MASSIVE volume may cause a spike, but the ticker may close down and may trade even lower the next day. Investors who are quick on the trigger might capitalize, but blink and you'll miss it.
Don't be fooled into believing a new owner is a sure sign of an impending payday. There's been countless owners in the past-two-and-a-half decades and more than half a dozen reported mergers, yet the price hovers barely above rock-bottom.
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