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Wednesday, October 31, 2012 8:10:42 PM
Therefore very few new investors want to own this stock at any price above one cent per share.
Smart investors already sold their positions in GTGP during the first few days of trading.
Current GTGP stockholders are simply "stuck" with a stock that is down 85% and heading lower, much lower.
Hence very little trading volume.
The fact that there is not much volume has got absolutely NOTHING TO DO WITH THE GREY MARKET, nor does it have to do with hurricane Sandy, nor does it have to do with my wife going grocery shopping today. The only reason why the volume is low is because there are NOT MANY PEOPLE WANTING TO SELL THEIR SHARES AT THESE LOWBALL LEVELS. The sellers are asking a much higher price for their shares and the buyers are just trying to sit and wait to try and get cheaper shares. This is a phenomenon that is also observed many times on all other levels of the market. When the buyers and sellers are miles away. Once the information gets putout and contracts are announced, the buyers wiull automatically increase their price and trades will happen.
To state otherwise is wishful thinking...
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This is what happens on the grays. The stock volume drys up to nothing and the stock dies. That is why the smart folks sold out in the first few days of trading. Now it becomes near impossible to get rid of shares.
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