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Re: RichieRich post# 5868

Sunday, 01/09/2011 10:25:23 AM

Sunday, January 09, 2011 10:25:23 AM

Post# of 142910
As far as volume compared to float we also have to remember some traders are day flippers or multi day flippers. These transaction can make it seem like theres more actual shares being traded than there actually are.

Ex. If I bought 1mil early Friday and sold later that day that same 1mil of actual shares goes down as 2mil in volume. Its impossible to get an exact on this but I think its safe to say there was some flipping going on on Friday.

If it was 20 mil then volume would read 40mil while really were only talking about 20 mil in actual shares.

Also dont be surprised if the guy who bought early then sold at 17-18 didnt then buy back in at 14-15 for another flip. These flipper heads are good at what they do but now 1mil turns into 3mil.

littlerichie this was not directed at you. I just realized I was responding to your post as I meant to open a new post. Just no way I was starting over LOL

Go LKEN