yesterday's volume
in response to
by
posted on
Nov 26, 2010 09:22AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Quick message, have to watch today's open.
Yesterday's volume in many stocks was very instructive for me. Most of the stocks I follow had much less than normal volume, mainly because they're held by Americans - or even American institutions.
GNH's was a lot more, so I think the dump at 40 cents was just a bunch of Canadian retail folks getting antsy. You should be happy for 1M volume - without the volume your shares are in reality worth a lot less than the daily final tick value. If you doubt me, try unloading ANYTHING where you hold an amount larger than the daily volume.
I do still own some GNH - as I said, in my accursed TFSA, where all things go to wither away and die. But I'm only holding it on the expectation of a home run - or, at least, some assays whatsoever, whereupon I'll re-evaluate.
Anyway... a fave of mine was back under a short attack yesterday (probably because people knew it'd see less volume with the US being closed) so I must leave now and prepare for some quick-flip profits. Or, y'know, losses.