Anemic volume right now in the stock and the marke
Post# of 11899
Anemic volume right now in the stock and the markets overall, mainly because of the holidays but also because of the uncertainty right now. Investors abhor uncertainty and so no buyers are going to stick their necks out ahead of what could become a very volatile climate in the market. As for RFMK, if a few million shares wish to print trades which take the market cap down 40% or 50% in a matter of a few days then so be it. The stock has just become a laughing stock of the market. The share price fluctuations mean absolutely nothing. Keeping a fair and balanced thought process as regards to the stock and company is key for investors. Just as it is no surprise to see a couple thousand dollars worth of trades over the course of a few days cut the market cap of the company in half, it would be no surprise at all to see the market double or triple the market cap within a day or two. It can go both ways, especially when such a small percentage (sub 1%) of the float is "trading hands" each day. Just the other day, the daily short volume was again topping 50%, so half of the volume getting shorted. My question to those participants would be to ask about the risk/reward of shorting a stock a couple ticks from par value, especially in the face of so many potential game changers for the company going forward. Reckless are they! All IMO, of course.
GLTA
$RFMK!