Posted On: 07/08/2014 9:08:26 PM
Post# of 41413
Re: The Lieutenant #5265
Yes, exactly: sample size. Now we're using our brains. The degree of accuracy of the stock price (in this case, market sentiment) will be more indicative of the general public ONLY as the volume increases to a reasonable level and remains there for a very long time (months, at least). Right now, we see one day volume spikes, and this means nothing. Nobody has ever stated here that one day of 25M shares will make us rich. It's ridiculous to assume so.
Another point: in Baltia's case (this is very important to understand!!!), the volume isn't particularly low, as far as # shares traded. Large caps frequently trade between 1% to 10% of their float. But LARGE caps have LARGE share prices. It's the $$$ volume exchanged that sucks. 25M shares is great, but it needs to be consistent, over weeks and months, to really drive the share price to a level that either of us would be happy about (my minimum is .10).
25M shares on a good day could easily blow this past .05. But, as you stress, it needs to be driven by demand.
Not to sound overly preachy or anything, but when people jump to conclusions that are based on no fundamental knowledge of the topic (i.e., stating that because the stock is red with high volume, that high volume is bad), it really breaks down the quality of the discussions that can be had.
Nobody knows why we had a sudden surge in volume and two consecutive red days, so deducing that volume is inherently bad is very, very short-sighted. My prediction is that by EOW, volume will be below 10M on at least one day. I think this was a hiccup along the path to an all-time-high share price.
August 9th-10th SHOULD be when things go batshit crazy, but who the fuck knows what'll really happen? On a good note, I heard that HQ raised like $1M recently (excluding the whales) to cover monthly operating expenses.
Another point: in Baltia's case (this is very important to understand!!!), the volume isn't particularly low, as far as # shares traded. Large caps frequently trade between 1% to 10% of their float. But LARGE caps have LARGE share prices. It's the $$$ volume exchanged that sucks. 25M shares is great, but it needs to be consistent, over weeks and months, to really drive the share price to a level that either of us would be happy about (my minimum is .10).
25M shares on a good day could easily blow this past .05. But, as you stress, it needs to be driven by demand.
Not to sound overly preachy or anything, but when people jump to conclusions that are based on no fundamental knowledge of the topic (i.e., stating that because the stock is red with high volume, that high volume is bad), it really breaks down the quality of the discussions that can be had.
Nobody knows why we had a sudden surge in volume and two consecutive red days, so deducing that volume is inherently bad is very, very short-sighted. My prediction is that by EOW, volume will be below 10M on at least one day. I think this was a hiccup along the path to an all-time-high share price.
August 9th-10th SHOULD be when things go batshit crazy, but who the fuck knows what'll really happen? On a good note, I heard that HQ raised like $1M recently (excluding the whales) to cover monthly operating expenses.
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