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Posted On: 12/07/2018 12:35:42 PM
Post# of 36547
Well the 1.2M starting volume for today was from yesterday. My TD Ameritrade app says the volume is 1,471,358 as of right now, but my TD Thinkorswim is showing 278,458. So I am thinking the 1.2M did not happen at the open. That must have confused people, like me and Orlando, and people might have bought pushing the price up to 1.20. Then once it was figured out, the low volume there really is has brought it back down.
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I saw that too. I initially thought it was yesterday’s volume not cleared out yet, but then it was going up. That’s like 4% of the outstanding shares. Maybe part of the reason yesterday for the decline, maybe a large block wanted in so the market makers short to get sellers and then they buy on the push down from sellers and then sell the block to the big investor.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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