Friday, June 14, 2013 11:43:52 PM
The conversation was about the amount of "interest/volume" this stock has. He said there is little interest here and i provided my counter opinion on the subject... IMO i feel this stock trades consistently strong volume for a low floater small cap, hence the trend we've seen. adeezl thinks XONE should trade closer to the amount that DDD does, but DDD has a float thats almost 100,000,000... If XONE was trading millions each and every day, we would see MASSIVE daily gains and that is not sustainable. Theres no reason for the accumulators to drive it up like that. The float is too low and the spread is too wide. Every stock has its own characteristics and this one currently moves quite well.
The float is turning over every 2-3 weeks, which is why the trend has been able to sustain for so long. Profit taking is quickly met with counter demand = higher highs/higher lows.
Enjoy your weekend.
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