I have a few VERY IMPORTANT POINTS: Please let me
Post# of 96878
1. The 10 day volume was barely over 3 million about 3.34 million!
I am sure you are aware but, MM's can take their times filling order and space it out so that there are no trades during some periods!
If you look at the chart of trading from Friday, it looks like all trading was stopped and controlled as of 3:30pm. Usually the higher volume part of the day! This is extremely significant because trading did not really start until 1:50 pm.
The trading time was really about 1 hour and 45 minutes for about 14 million shares! So 25% of the day was really when relatively all shares were traded!!!
This is EXTREMELY ODD BECAUSE THE FINAL 30 MIN, should have been huge!
My point is that while the volume was 15.72 million shares (in about 1/4 of the trading day)!
Does anyone really believe that there were not millions of bids for shares in the last 30 minutes, especially since the stock fell from .0848 to .077??
I think the MM's kept the volume low, maybe they ran out of shares for the day, they would not have been ready for such a huge increase in volume!!
So the question would be how many people still have bids in or are going to have huge bids in first thing Monday Morning??? These are big buyers, they are not waiting for a short small dip that helps no one!
I really believe a lot of orders were not filled, in fact I think MM's are supposed to limit the volume! MONDAY SHOULD BE GREAT!!