InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,399.22
(
-0.51%
)
US TECH 100
18,505.60
(
0.95%
)
Dow Jones
39,935.07
(
0.20%
)
Brent Oil
81.44
(
-0.12%
)
Bitcoin
67,078.06
(
1.96%
)
Post# of 53986
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

dkspartan1

Send PM Follow Ignore
Followers 6
Posts 505
Boards Moderated 0
Alias Born 10/16/2009

dkspartan1

Re: November61 post# 38196

Thursday, 07/01/2010 2:54:09 PM

Thursday, July 01, 2010 2:54:09 PM

Post# of 53986
"How can it be taken?"

2 days ago it closed at .0002. The bid dropped to .0001 and the ask was at .0002. If anyone picked up some shares at .0002 they can sell it today for 50% profit, right? Volume at the start of the day was all selling. One sell order for far less than a million shares can bring it down. Total volume 2 days ago was only 16M, what portion of that was buy volume at .0002? I'm not sure. But, like I said, all it takes one sell order to bring it down. Profit taking is playing a role as are MM shorts I suspect.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up