GREY:ATIVF - Post by User
Comment by
rickfactoron Aug 16, 2007 12:23pm
116 Views
Post# 13256250
RE: Mind Boggling
RE: Mind BogglingChances of this being fundamentals is extremely low percentage wise:
Lets look at the decline of the past 5 days, Low volume
1,960,905 were traded during the past 5 red days (9-10-13-14-15 Aug)
+ today 428,000 so far
That equals 2,388,905 shares traded to drop the SP from 0.225 to 0.165 today
2.4 million shares traded = Less than 5% of Total Outstanding Shares
-0.06 = Approx -25% of SP on August 9th
If this was a selloff, the -5% of outstanding shares being traded wouldve been doubled or tripled to affect the SP by 25% in such a short time frame
This is definitely not because of the fundamentals ACT has , its due to many factors but mainly to a Bearish Market (Less Buyers) , Investors going liquid and many institutions selling most of their highly speculative and high risk stocks etc etc
Definitely a good time to watch and learn and crunch some numbers
Its amazing how emotions become the X factor in all of this