Replies to post #42915 on Sixty Six Oilfield Services Inc (SSOF)

[SooS416]

Volume is not as pathetic as you make it out to be, as you said for a penny stock its been pretty consistent over the past month plus.

Over the past month plus volume has been averaging $725k a week which is not bad in penny world, especially for one with a low, locked float.

Sure we are not doing million dollar days but this has been consistently doing $100k plus a day for a while with yesterday being the low volume pull back.

And you can say this needs 50M volume days to move to .10 or to .25 but this went from .0024 to .016 on 257M in volume over a 3 week period, so it does not need the level of volume you are saying simply do to the locked float.

Plus, everyone should expect that volume will decrease as share price increases, sure 50M volume at .002 makes sense, but 50M at .02-.05 starts to not make as much sense with again the low, locked float

[woneal]

Yea i agree with what your saying but you say volume is not there to move up to those prices. BYOC ran on less than 8 million average in a little over a month. This can go to .10 on same volume in the same way. It depends on how strong everyone holds. If the shares are locked by strong hands then yes it could do the same. If people keep selling then this will only go so far and you would need the 30-50 million average to get to that price. Like i said you never know until it happens. I'm thinking there a lot more people holding and it won't take as much to get there. If we saw a 30 million today this would be at .03 or higher.