Post by
tamaracktop on Apr 01, 2024 12:59pm
Don't laugh
In the last 3 weeks, 2,060,000 shares traded at $.80 or lower.
There's no question some of that volume was traders looking for a flip.
No question.
Traders are a boon to the market in that they add liquidity.
In the worst case scenario, if a trader paid $.80 for this stock the last time it traded there on the way down, a sale today at $.90 gives them a return of 12.5% in three weeks.
Traders like to annualized their returns, particularly if they've made a profit. lol.
A 12.5% return is 207% annualized.
Remember! That's the worst case scenario.
Any trader who paid less than $.80 more recently has done even better.
Far far better.
No question in my own mind some are selling and saying "thank you very much".
There isn't an inexhaustible supply of traders
Comment by
u30822 on Apr 01, 2024 1:03pm
The traders all seem to be on the short side...
Comment by
tamaracktop on Apr 01, 2024 1:06pm
Sorry, that should have read "a 12.5% in 3 weeks is 216% annualized". I can't do math in my head anymore.
Comment by
sorrenson on Apr 01, 2024 3:02pm
That would be great if the stock wasnt 75 % off the year...
Comment by
Moemoney42 on Apr 01, 2024 1:42pm
Any trader who paid less than $.80 more recently has done even better. Far far better. No question in my own mind some are selling and saying "thank you very much". Yup in at $.73 I'm saying thank you very much...!! ;-) Ring that register..!!