Replies to post #3059 on Gourmet Provisions Intl Corp (GMPR)

[MadMerlin]

i think this will turn around soon, we are really close to the 52wk low

[skono4]

Hi SeanHeidi37

Really depends on what's a lot of money to you.

average daily volume for the last 100 days is 190K

100-day moving average is .13 so there's around $25K per day on that basis.

That's a total of under $2.5M for the 100 trading days.

I assume some large fraction of trading volume are penny stock market makers and "daytraders" flipping shares back and forth for negligible gains.

When you see some MUCH larger volume changing hands we'll have a better idea where the buyers and sellers are really situated. I'm talking about someone in a hurry to trade $100K+ transactions. It's pretty safe to say that it's been a very long time now that no large buyer is willing to bid the stock higher.