10x trading volume when we hit $2.00, as history suggests When TMB hits $2.00 and sustains, there are two developments that occur.
Both time that this cross in the past in 2010 (excluding the dip in '12) the volume spiked to 4,500,000 million in a week, and 3,960,000 in a week. For context, we are at about 318,000 a week on average now.
Is this good? Yes -- liquidity will help drive advances. Why does this happen? It's two-fold. One, we get funds in and able to take a stake. Most can't touch a stock under 2.00, nor would they if they could. It's perceived as junk and speculative. Next, the retail gang can buy on margin all of a sudden.
It'll increase the volatility, but the again the last time we rose from the ashes in took 6 months to move from $2.00 to $6.00. Of course, the company was still a disaster then so it fell as it should have after. But TMB of 2016 is a very different animal than the 2010 edition.
Anyway check it out yourself. It's going to be a big day when it happens.