Replies to post #342868 on Elite Pharmaceuticals Inc (ELTP)

[CMDawg]

Correct. 20-30 million sustain shares traded a day, once we get news out will make us go to the next level.

[The ELTP King]

LMAO.

Volume has NOTHING to do with ANYTHING.

It's all about the DOLLAR AMOUNT.

Using the same DOLLAR AMOUNT, the volume will be LOWER if the stock price is HIGHER.

And the volume will be HIGHER if the stock price is LOWER.

AGAIN, it's all about the AMOUNT of money exchanging hands.

GOOD GRIEF...

Last major volume day was around 15 million and that was late 2017, other than that you have to look back to the 2014 run up where there were days of 20-30 million. Last September when the stock went up 50% in one day was only off of around 6 million shares I believe.