So where are all the shares being traded coming from?
The point was made last week that once people had the ability to sell their shares this was why 2M/day was traded last week. Now we are into the second week, 40% loss yesterday and another 26% loss today.
Most people say they are holding on to their shares and not selling. So if the float is 16M and roughly 8M have been traded, this sinking ship should find a buoyant point soon. Maybe?
Are week seeing dilution?
Down, down, down we go.
How far down will we go?
As for institutional investors... we will have to wait and see. If they had billions to invest, what is then 100K to them at this point in time?