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Monday, August 04, 2008 10:50:28 PM
>Is there a definition of thinly traded? 100k shares? 2 million shares?
Yes. 100k shares is nothing in a stock wich trades in the range TNOG does. And 2 million trades is nothing. Just calculate:
If I buy 200.000 shares how much will that cost and how many such will you see in a 2.000.000 volume? How many people do you think are trading in a 2.000.000 volume day with the price at 0.0050?
I am talking about at least from 10 or 20 to 30.000.000 shares for anything real to happen!
>What would the point of having a MM do as you suggest?
Of course with many MM's we will see much more shares traded even if it comes from the traders or their MM's inventory.
>What do you think the outcome would or could be possitive and or negatively?
The stock will get much higher and much more higher moves up and downs. It wouldn't stop for a such a long time as it is now. If investors are interested in the stock after a good news then it can go much higher. And it would be more open for play to the pink traders.
Remember Market Maker is supposed to "make market" for the stock and therefore make interests in it! So, many MM's must be great for TNOG.
>If a large portion of a stock such as TNOG is now controlled by "someone" to the tune of 250,000,000 shares plus all of the other 6000 plus shareholders what is to be gained?
This is a hypothetical situation you mention and I am not sure I can answer that. If anyone who own such many shares and doesnot want to sell we will ofcourse see shares more traded from the high float of the 600.000.000 and the stock will be constantly making supply and demand (this stock lacks demand!)
But many times high volume owners will want to sell to you or me and buy back in! To play the stock. That would make additional trades in the stock as the price moves higher/// and lower\\ and higher//// and lower...
I think we will have to wait to see what they (TNOG) post more of how many investor are over the 5%.
Disclaimer: I am not a basher or a hyper! I am here for the purpose of fun and trying to find info. My posts are solely my opinion. I am not a registered broker or a professional analyst. Don't make any buying or sell decisions regarding my writings here
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