Newstrike Brands Ltd NWKRF

Lulz

[mathandmass]

You guys are funny. To effectively penny flip you need the volume. Graph like seismic activity. The volume on HIP is so low today you can hear a penny drop. Nobody is going to penny flip with that! Also, how do you tell "institutional" from non-institutional trades? Most people use some sort of online platform to buy and sell. So their orders will register as that brokerage. If you see CIBC there or something that does not mean the bank is buying - it's the customer who is buying using their platform. The big buy order that took all lots from .54 to .59 today could have come from an institutional investor. Or from someone who has a lot of cash to play with and just clicked buy at market price either by accident or cause they don't care. With today's volume it would have registered as that big spike.

[predawn]

FOUR million trades today so far not low at all ?????

[mathandmass]

1,698,250 - this is below average daily volume for HIP. Also you are not getting what I'm saying. How many shares exchanged hands on a 0.50 cent stock does not matter. A lot. Cause it's cheap AF ok? Nobody is selling a 100 shares and buying 200. That's obvious, no? But the price fluctuation was miniscule. The price changed like maximum of 20 times today. Not even. Graph is lazy - a lot

[predawn]

again I correct you  as more than 4 million shares have changed hand on the markets today  my friend ;;;;;;;;;

[flyboy27]

Retail example... bought 50000 @ .49 cents October 24 =$24500 then sold next day .56 cents =28000   $$$$3500 less comission    Penny flipping!!!  been there done that.    its happening and  it does effect.. not talking about any thing else

[predawn]

[ end of day was 4 million 300K shares traded  2,200,000  on ats quote=predawn]FOUR million trades today so far not low at all ????? [/quote]

[mathandmass]

By the way, most institutional trades are done afterhours. You know that special "big boys only" time between 4 and 4:30 when you can't buy or sell, yet the price moves. There are also high speed trading algorithms that do what you call "penny flipping" but trust me, nobody sane would target a sleeper stock like HIP with that. No offense to anyone, but stockhouse bullboards

[silkroad007]

Nailed it.  Great post - I've been saying this for 2 years also.  This is why the blogs are all full of knife fights. Retail jump around and lose money 6/10 times, get frustrated and whine because they dont get a weekly dose of earth shattering news to chase.  Fundamentals people.  Math is right - institutions do not have time for venture stocks.

[robins1]

I agree with you . well said . 

[Ggeeman]

one word... Algos.. The market do not have enough liquidity for retail.. Google it.