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Message: Todays volume

Todays volume

posted on Jan 14, 2008 11:45AM
With the volume picking up today, we still only did a grand total of $12,964 in total dollars traded for the day. Most of us here can admit that that is peanuts compared to the bigger picture of a public company. Today's volume was merely somebody  who wanted out and had to sell down to the bids to do so, sucks to be them, but maybe they needed the money, maybe they had to fill up the car with fuel......who really cares! Truth is that it will likely get rid of a weak hand and allow someone else to get in at a nicer entry point who will have renewed faith and possibly connections. My point is that you cannot read too much into this and so far all I have seen is a company that is increasing their sales and improving their out look from one quarter to the next and hopefully that translates into earnings that we shall find out soon enough! Eventually when they are selling more than their current market cap, some will take notice as the big boys always do and everything will look after itself.What is the expected multiple times earnings for a share price going forward when the company shows a profit??
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