8 trading days ago volume was about 1.6 million. In the past few trading days, it hasn't even been 1/10 of that. Admittedly the big volume day was an orchestrated take-down, designed to stop out the naive investors who believed what the trading gurus told them about putting in stops. (Although the gurus didn't phrase it like this: "Always put in stops, so when we hedge fund guys want to steal your stock at a low price, we'll know how much there is, and how low we have to walk the price down, so that we can stop you out." )
Anyway, there has been a huge change in the way the stock has been trading.
A word to the wise is sufficient.
Anyway, there has been a huge change in the way the stock has been trading.
A word to the wise is sufficient.
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