RE:RE:Why is the SP showing weakness today?Wendy123 wrote: The folloiwng is my opinion only. Volume is very low compared to overall outstanding shares. 150K vs 97 mil. It is very easy to swing a price as there is such low volume.,
Look at Reddit favorite AMC, almost 20% of outstanding shares traded relative to volume.
If you saw 5 -8 mil or so begin to move, then either panic or party (depending what the move is). No reason to get concerned if you are here for the long haul based upon current volume.
If you have stop losses put in, they should be pretty wide for a company like this as the swings will range 5-20% in a week. It's what's going to happen.
The news last week is old news as they announced the facility opening over a month ago, everybody knew about it. Interest of buyers around the world, shouldn't be a shocker since commerce moves that fast, and I would suspect the distributor in the UK had something to do with it.
Volume tells that tale, and right now volume is not shaking anyone out, but nor is anyone really jumping in. Status quo as far as I am concered.
I had hoped that one of those three posters I addressed in my post to would try to explain the weakness but they are awol as usual unless they are pumping in promo mode or trashing another poster because they don't like their comments regardless if the comments are valid points. I listen to both sides of the arguments and I think that makes for better investment decisions.
I have my own opinions for the SP not flying a lot higher but I am not going to post that here. Disclosure: I sold some TAAT during that pop to $4.93 early this morning because my DD and the chart confirmed my concerns. Now I am considering a re-buy. I am not a daytrader but the volatility made me do it. I still hold many shares long for now unless the longterm SP outlook changes.
I read your posts about
Expansion Question where you made some excellent points regarding TAAT's Marketing. Thanks for sharing your thoughts there.
Good Luck with your TAAT investment.