Whoooaaaaa, a whopping $54,000 worth of shares "tr
Post# of 11899
Whoooaaaaa, a whopping $54,000 worth of shares "traded hands" on Tuesday!! LOL
What a joke, some people are analyzing the "action" and deriving conclusions based on the individual "trades", how amusing. Let me save some the drama and inform that $54,000 "trading" in any PK stock like RFMK is nothing more than noise, the gyrations mean absolutely NOTHING, in my opinion. If we think that $54k is high volume "action" in a PK stock then I have news, it's actually a very SMALL amount of capital in the stock. Also we cannot ever even know how much of that capital remains under one roof (non-unique buyer/seller) just "providing liquidity".
As I have stated before, when real investor/trader interest comes flooding into RFMK, if ever, then it will be obvious and we will know it IMO. Consider 1,000 investors/traders getting into the stock, each with a mere $5,000 average position size, considering the 200 DMA that would be about a 2.5M share position for each investor/trader. If they traded simultaneously (initially) then 1,000*2.5M = 2.5B shares would change hands! Even if only 20% of the investors/traders were participating each day then more than 500M shares would be trading intraday within a span of 5 sessions, which would equate to daily monetary base of "action" at about $1M. And that is merely assuming the PPS remains at exactly the 200 DMA ($0.002). Think about the possibilities. Currently we have approximately 50+ interested parties (investors/traders) in RFMK and only a few of them likely trade on any given day. Imagine 1,000 interested participants, imagine multiple thousands of participants trading on any given day in RFMK!!! Many tens of millions of dollars could actually trade hands in RFMK at some point and I can tell you I wish to be a shareholder during that time period. All just my own opinions and speculative musings, take it with a grain of salt.
GLTA
$RFMK