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esb1015

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esb1015

Re: stripus post# 2346

Tuesday, 01/15/2013 11:04:06 AM

Tuesday, January 15, 2013 11:04:06 AM

Post# of 14136
Laugh all you want. The point I am trying to make is that this stock does not have a problem with the number of shares outstanding. It has a problem with people wanting to buy it.

Lets be honest here, the people that own these shares are holding onto them and possibly buying more. The ones daytrading are creating the noise and those that are shorting have been very successful. The moment this is an attractive buy, the price will move quick due to the low number of shares. Until then, we will continue down.

What I mean by the quote you find so funny is: The depth of orders has nothing to do with the number of shares outstanding and everything to do with interest in the stock.
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Volume:
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  • 1M
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  • 6M
  • 1Y
  • 5Y
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