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Re: lentinman post# 335

Tuesday, 05/22/2007 3:07:39 AM

Tuesday, May 22, 2007 3:07:39 AM

Post# of 1538
Len, I thought earlier you had stated that to determine if the stock had an average of $5,000 daily volume, we could simply take the 3-month average volume and multiply it by the closing price on Friday May 18th.

Well CKGT has 6,125 average 3 month volume, it closed Friday at .54, that's a whooping $3,307.50 in dollar volume. And you are aware that OTC BB double counts the volume, so if you take that into account, the figures are even worse.

Even based on today's +44.44% move, and not taking into the double-volume, CKGT has an average of $4777.50 in volume. This is not close to $5,000 in volume.

Did you actually go back and multiply every day of the past 3 months for CKGT before you entered it as a pick in the contest? I'm curious as to what the average daily volume was for it, I do understand it traded over a dollar not too long ago, but it's ludicrous for someone who makes the rules to make such an absurd low volume pick.

It's not feasible at all, and hardly realistic. How did it ever qualify as a pick? 3month average volume multiplied by Friday's closing price is only $3,307.50, and if you figure OTC BB volume is double-counted, wow, you're really in trouble...