TAKE A LOOK AT THESE NUMBERS....
from 10/9-10/19:
*MEVT Traded 188,021 total shares totaling $69,164 @ an average share price of .3679
*That breaks down to a 7 day average of 26,860 shares a day, or $9,880 dollars coming in daily
On 10/20:
*MEVT traded 712,948 shares @ an average share price of .3739 totaling $266,574
*Compared to the 7 day share/dollar volume average this was 26.5x the avg daily volume/26.9x the avg daily dollar volume!!!
*the average share price paid on 10/20 was 1.6% greater than that of the last 7 days combined
VOLUME PRECEDES PRICE ACTION!!!
Maybe you wondered... Hey, What gives? How come we traded over 700k shares and we're still looking at .30s???? Why can't we move?
WE CAN... PATIENCE WAS REWARDED
10/21:
*MEVT traded 545,666 shares @ an avg share price of .4223 or $230,448 came into the stock
*The average share price paid on 10/21 was 12.9% higher than that of 10/20
After considering 10/20's trading action into the average share/dollar volume :
10/21:
*Share volume was 4.84x avg daily volume from 10/9-10/20
*Dollar volume was 5.53x avg daily dollar volume from 10/9-10/20
So... let's think about this... On the initial volume outbreak (10/20) the avg daily volume was 26.5x and the dollar volume was 26.9x right? That means avg dollar volume outbreak was 1.5% than the avg share volume outbreak....
Now, after considering the avg's when you factor in 10/20 action here's what 10/21's numbers look like:
*Share volume for 10/21 was 4.84x avg
*Dollar volume for 10/21 was 5.53 avg
*****DOLLAR VOLUME WAS 14.2% GREATER THAN SHARE VOLUME, UP 12.7%*****
What's that mean pisa??? It means the money is coming in faster than the volume can catch up to it...
OR
MORE DOLLARS COMING IN AT HIGHER PRICES!!! THAT'S HOW A RUN STARTS...
SIT BACK AND ENJOY THE RIDE...
hope you listened to those smart birdies in the trees that were telling you to buy MEVT for weeks now...
