Coro Global Inc (CGLO)

[SynthTrader]

More volume stats.

If you don't count the last two trading days, there were five days that traded over 20,000,000 shares during the last year. Those were the "monster" days for volume on MDFI. Usually the daily share volume was nowhere near that high.

Then yesterday the volume was just over 103,000,000 shares. That is 5 times the previous highs.

Then today the volume was just short of 810,000,000 shares. That is almost 8 times yesterday's already bloated volume, and more than 32 times the previous highs!

Is that number impressive in terms of volume? Yes, it is impressive, but it only happens by introducing a horrifying number of shares into the market precisely when you know there are a lot of eyes watching (during an intense promotional campaign). Anyway...that's "good news" for a company that needs funding, but a serious back-breaker for their shareholders who pay the price.

But as they say, nobody forces us to buy a stock. It is sad that so many people lose money because of things like this.