Replies to post #11188 on DarioHealth Corp (DRIO)

[jimmenknee]

I appreciate your honesty for the purpose of this discussion.

There were only 30 trades Friday for a total of $51,193.09.

Up until your trade, the low was .285 and the high was .329.

The median price at that time was .307.

Throughout the session, 17 trades went off below the median with 13 above, which is a 57/43 split. Down pressure was greater than up, but not considerably...

... however the 17 "down" trades totaled $38,564.75, whereas the 13 "up" trades totaled $12,628.34, which is a 75/25 split. That is a strong case for a significant down day in terms of money flow.

Clearly the session underwent significant selling pressure in relation to buying pressure.

So I submit your "paint" was not representative of the general trading activity. On the other hand, your specific argument is that the .32-level would have held based on time.

Here are the time/sales in question:

 
 $0.34	 100   	OTO	15:45:30 
 $0.291  17,258 OTO	15:42:39 
 $0.32	 300   	OTO	14:52:02 
 $0.328	 280   	OTO	14:08:57 
 $0.292	 26,600 OTO	13:22:23

I see the time element of over 1.5 hours at > .32; but do you really want to make a case for 2 trades @ ~$92 & $96-- over 45 minutes after a ~$7,800 trade @ ~ .29 -- to fairly represent the stock price (.32-level) for the session based on time?

(FTR, the practice of "marking the close" is frowned upon by the SEC because they see it as a manipulative trading technique in order to affect the closing price of a security)