Not that coffintrader needs my help but :)He stated his point quite clearly and correctly IMO
He said "HOU has traded over 3 million shares consecutively for 4 days in a row now which is over the entire float of issued and outstanding shares. Definately bottoming out!!"
|
| Date |
| Ex : Sym |
| Open |
| High |
| Low |
| Close |
| Chg |
| Vol |
| #Tr |
| Bid |
| Ask |
|
|
| 2008-12-03 |
| T : HOU |
| 3.67 |
| 3.80 |
| 3.54 |
| 3.64 |
| -0.07 |
| 4,005,802 |
| 2816 |
| 3.64 |
| 3.65 |
|
|
|
|
| 2008-12-02 |
| T : HOU |
| 4.19 |
| 4.19 |
| 3.63 |
| 3.71 |
| -0.33 |
| 5,324,147 |
| 4202 |
| 3.71 |
| 3.72 |
|
|
|
|
| 2008-12-01 |
| T : HOU |
| 4.48 |
| 4.48 |
| 4.02 |
| 4.04 |
| -1.03 |
| 5,781,454 |
| 4799 |
| 4.04 |
| 4.06 |
|
|
|
|
| 2008-11-28 |
| T : HOU |
| 4.82 |
| 5.15 |
| 4.39 |
| 5.07 |
| 0.16 |
| 3,249,090 |
| 2459 |
| 5.06 |
| 5.07 | |
So over the last 4 days: 4 mill + 5.3 mill + 5.7 mill + 3.2 mill = 18.2 million shares traded last 4 sessions, therefore we have traded more than the entire float of 14.4 million shares over the last 4 trading sessions.
Hope this clarifies.