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ctrumabll

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ctrumabll

Re: trader53 post# 1296

Wednesday, 06/13/2012 12:06:38 PM

Wednesday, June 13, 2012 12:06:38 PM

Post# of 244634
Good Morning Trader:

I see your technicals argument on SUGO, but I also see an unaddressed issue.

Since SUGO hit "no-bid," volume on the stock has dropped precipitously compared to its former volume.

So, rather than seeing a lot of VC or other entities "loading the boat for a run," the volume (last 10 days average of 4.7 million or $470.00 per day) indicates that this stock is actually becoming less liquid than its prior history.
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