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Message: Volume

Re: Volume

in response to by
posted on Jul 21, 2009 11:38AM

Yes, that's what this or any stock needs.

When I began looking at this stock, the volume was ranging 1-3% daily of the shares outstanding. I made a comment, that until we see 30-50 Mln daily, the uptick would not be significant.

I have another stock that did a reverse split (1:20) and the avg vol was less than 10K. The PPS went from .03 to .60 due to the split, and the vol was basically unchanged until the last week or so. The vol is now 20 times the old avg, and the PPS is at 2.25 today.

JMO, but we need 10-20% of the shares outstanding changing hands daily to see some real appreciation. Until then, the MM's will have their way with us.

Age old concept, supply and demand.

GLTA in the near future.

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