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Posted On: 03/31/2017 2:25:30 PM
Post# of 41414
That's one of the best selling points about this stock. Think about how little volume is needed for it to move.
AAPL has 5.27 BILLION shares outstanding, and they trade a daily average of 27 million shares. AAPL moves at most 2% on any given day. Keep in mind that they're a tech company, too, so hype is a very important part of their stock price, which is why companies like AMZN, FB, etc. trade at such ridiculously inflated valuations.
The company formerly known as Baltia has roughly 9.2 billion shares outstanding, with daily volume fluctuating between 3 and 70 million. Yet the stock often moves 10-30% with this volume. And that's WITHOUT strong demand.
Imagine what will happen when we pass the mini evac and proving runs?
AAPL has 5.27 BILLION shares outstanding, and they trade a daily average of 27 million shares. AAPL moves at most 2% on any given day. Keep in mind that they're a tech company, too, so hype is a very important part of their stock price, which is why companies like AMZN, FB, etc. trade at such ridiculously inflated valuations.
The company formerly known as Baltia has roughly 9.2 billion shares outstanding, with daily volume fluctuating between 3 and 70 million. Yet the stock often moves 10-30% with this volume. And that's WITHOUT strong demand.
Imagine what will happen when we pass the mini evac and proving runs?
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