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HokieHead

01/01/10 10:59 AM

#2493 RE: ArtieB #2492

The 11 trading sessions following JP's presentation in San Francisco:

Dates: 9/25/09 to 10/09/09 (11 sessions)
Total Volume: 26 million shares
Average Daily Volume: 2.4 million shares
Total $ volume: North of $1.5 million
Daily $ volume: Average north of $125,000

Dates: 10/12/09 to 12/31/09 (58 sessions)
Total Volume: 10 million shares
Average Daily Volume: 174,000 shares
Total $ volume: North of $475,000
Daily $ volume: Average north of $8,000

This puppy was trading 2.4 million shares a day, now it's down to barely 50,000 a day. Where did the liquidity go?

My conclusion -> Someone or a group of people with a lot of money gobbled up the whole float back in late September, early October.
The wide spread tells me there is not many shares for sale. Daytrade with caution imo..