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Inorout

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Inorout

Re: coolnapz post# 9323

Thursday, 05/03/2012 5:13:48 PM

Thursday, May 03, 2012 5:13:48 PM

Post# of 32985
There was just a single buy order today for 1,000 shares valued at $4.80 total. What's funny about this order is the the transaction fee was probably twice the cost of the shares they purchased. If you look at the bid/ask spread and consider both the bids and the asks trending lower, it ain't looking good. The reality is there just isn't any demand anymore, and longs must be running extremely low on dry powder because nobody was stepping up.
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