RE:RE:Silence Pandora wrote: To me the whole Venture Exchange is getting played this way and has been for the last half dozen years. The boys that have the big cash and jumping in and out on a daily basis and just moving the money enough, up or down, to satisfy their target. Whether it be a penny stock, a 20 cent, stock, a fifty cent stock, or a $2 - $3 stock. They move into it to bump it up on momentum and then sell it down when it reaches a certain level. Just constant churn for high volume moves and the spread between their buy price and their sell price is dependent on the underlying share price and the volume available.
Penny stocks go up a penny down a penny or half a penny, twenty - 30 cent stocks may spread two pennies, 50 cent stocks may spread 10 cents, $1 stocks maybe 16 cents, $3 stocks maybe 20 cents i.e. up a dime, down a dime and as I say it is just a constant churn going nowhere. A big news story may break it out of the churn for a move up but then after a few days the churn starts again at a new level.
Look at where the Venture has gone in the last 7 years --- nowhere --- but you can bet your boots those big money guys are making lots of bucks on volume and churn.
In the olden days, when I first started 'investing' in the market, buying what a person thought or was advised to buy as a quality stock, it was buy and hold forever. Nowadays, with algorithmic/robotic/technical trading and a shift to instant gratification, the quick in and out is more prevalent. Buy and hold has become almost obsolete, except in the case of yield providers. When I was at the end of my working career, I worked for a day rate. Who ever had a paycheck, I was their man. Some have a name for that and 'consultant' isn't it. Being in the O&G industry at the peak, the remuneration was pretty decent. So now I think traders are looking for a day rate. Make $1000/day, if you can, and that's not too shabby. There is one old axiom which is still valid. Buy on mystery, sell on history. In BUS's case that is apparently applicable, as well as the technical support/resistance factor. Until it can muster enough impetus to break $3, it will tend towards the support at $2.50. What will provide that thrust for a breakthrough is debatable, although there hasn't been much debate. AIMO.