Posted On: 08/19/2016 11:26:42 AM
Post# of 96891
Re: Sitting Bull #64966
Here's what's interesting to me...
Out of the 91 Million shares in the float, I would guess that 70-75 Million are held by both the company and NTEK longs untouched. Nobody wants to sell at an all time low and those who understand the company's real value are not interested in selling down here at all.
So when we see the volume at 1.5 Million in the first two hours of the day, I think to myself at this pace, the float could be locked and retired in one single day of trading if all buyers are locking up their shares.
There are not many shares to go around here in this range and that's why we are seeing severe volatility upwards.
Out of the 91 Million shares in the float, I would guess that 70-75 Million are held by both the company and NTEK longs untouched. Nobody wants to sell at an all time low and those who understand the company's real value are not interested in selling down here at all.
So when we see the volume at 1.5 Million in the first two hours of the day, I think to myself at this pace, the float could be locked and retired in one single day of trading if all buyers are locking up their shares.
There are not many shares to go around here in this range and that's why we are seeing severe volatility upwards.
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