What great posts this morning. All grist for the mill.
Now I'm wondering if we'll see the same kind of volume experianced way back in November when over 20 million shares traded in one day? Keeping in mind that a lot of those sellers were holding shares with cost under one dollar so cashing in made, at the time, sense. Now we have a lot more institutional/big guy holders and retail investors with higher average cost of shares.
Could be a lot more reluctance to let go of shares at this point in time and cost to buy is higher too. That might indicate a supply demand cycle to push price even higher than previously on lower volume.
My feeling is that to shake out 20 million shares is going to be very difficult. Even 8 to 10 million day volume would be explosive. Of course looking back reaching the high took more than a few days.