RE:Volumes traded this weekRetailInvestor9 - (1/7/2021 5:05:57 PM)
Volumes traded this week Over a 100mn shares have been traded in the last 4 days. So is it just a case of suits moving in to steadily accumulate or are people booking profits when they esp in case of this uncertainty associated with hostile takeover attempt by sundial? If anyone has useful insights into this situation then please feel free to share. Thanks in advance!
I'm no analyst - like Jimmy342, I get 'buzzeled' all the time - but I think one thing to keep in mind is that a volume of 100 million .07 cents shares traded is quite a bit different that say, a $3.00 stock.
In dollar terms - that's only $7 million - and Shai Altman can pick up the phone and trade $7 miilion dollars before lunch.
So - volume is relative and with all going on at House of Zena, I don't think you can read too, too much iinto it.