Whats good volume for a stock trading at $1 - $5?
The reason I ask is from reading "Understanding the Pond Fishing play" it states the following:
Since VCs want to move 50 million shares or $250k worth, they need at least $50k a day retail interest levels. 100 mil a day average for triple zero stock, 10 mil for double and 1 mil for single zero stocks. Most runs last 3 to 5 days and to dump $50k a day, well above the .005 price they got the shares at, they need that interest level before anything starts. This the pump stage of a run to get their original investment back, with profits.
So what's good volume for a stock trading at $1 - $5?
Thanx
Goss