AI
Friday, December 09, 2011 1:24:58 PM
Trader, the stock only trades 0.6% of the float on a daily 3 month average. Volume may remain relatively stable, but the price has not. We had two to three times the dollar volume in early 2011.
The problem IMHO is a lack of money and investor interest overall. The China/RTO sector has been the hardest hit. I don't think there is anything Solomon can do to solve this problem. It's a market wide problem with this space being the hardest hit of all of them. It's simple supply and demand, there are more people exiting the markets than entering at this particular time.
When the money returns, interest will return and markets will improve. Right now emotions are high all across the markets. Guessing market bottoms is not my specialty. If it was, I wouldn't need a job.
If we had the dollar volume we enjoyed earlier this year things would be different.
Historical OTCBB Dollar volume by month
http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/dollar.htm
The problem IMHO is a lack of money and investor interest overall. The China/RTO sector has been the hardest hit. I don't think there is anything Solomon can do to solve this problem. It's a market wide problem with this space being the hardest hit of all of them. It's simple supply and demand, there are more people exiting the markets than entering at this particular time.
When the money returns, interest will return and markets will improve. Right now emotions are high all across the markets. Guessing market bottoms is not my specialty. If it was, I wouldn't need a job.
If we had the dollar volume we enjoyed earlier this year things would be different.
Historical OTCBB Dollar volume by month
http://www.otcbb.com/dynamic/tradingdata/sharedollarvolume/dollar.htm
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