Post by
DJDawg on Apr 08, 2024 4:45pm
Stock volume looks like churn
Like most of us, I follow TLT daily and watch the bids and asks and the volume. We all have a sense of what happens for long stretches. What it looks and feels like. How it behaves when PP's are announced, etc.
Lately there is a much higher volume which doesn't feel organic. I mean that it doesn't feel like normal sellers coming in and wanting some shares. Nor does it feel like people exiting by selling as that would be done strategically compared the ASK bombing that we are seeing. The way the asks immediately adjust with a new 140,000 shares being listed just above the current price within miliseconds of a block purchase.... Seems algorithmic.
All in all, I'm just saying the that high churn of shares feels not driven but actual investors.
If anyone can explain it in a sophisticated way, please enlighten.
Comment by
Tarbaby on Apr 09, 2024 1:07am
The extra volume is likely people selling shares to buy new shares with warrants in the latest PP money raise. The warrants are the bonus.for when the big payday comes. It makes sense.