How much $ value of thus stock was traded according to nasdaq today? 78k
Even my broker is indicating a very low volume.
78K * $2.60 = $200k
How much was gained or lost = $0.09 * 78K = $7000 USD
WOW.. The entire day, all those who traded it today gained or lost $7000 dollars altogether.
The fact that longs are not really dumping it is obvious because the volume is low.
The day traders or most likely a hedge fund or two which control the price of this type of stocks, can control the bid and ask but even then they failed to make even $10k in total. What an achievement!
In a day like this, they could have done a killing shorting something with a large volume but here they are playing games.