Post by
retiredcf on Aug 18, 2023 11:12am
Trading Volume
IMHO, this is the key factor this week. We had solid volume which swept us up to $7.70. But this unrelenting decline in the general markets this week has finally caught up to retail investors who are now (understandably) cautious given worries about China's faltering economy and the potential of interest rates rising again. So the fall of our SP back below $7.20 was a product of very low trading volume (eg. only 5400 today). Annoying - Yes, Meaningful - No. GLTA
Comment by
Moemoney42 on Aug 18, 2023 11:29am
Yup with a whopping ~15,000 shares traded today good luck closing out a large position without cratering the stock.. I see Quipt is now advertising on BNN.. or should I say BSN..LOL..
Comment by
besttobe on Aug 18, 2023 11:33am
MoeMoney wrote "I see Quipt is now advertising on BNN.. or should I say BSN..LOL.." They need to get the stock price up to do a financing,since the ATM was cancelled and now that they are paying 8% on debt.... IMO
Comment by
retiredcf on Aug 18, 2023 11:41am
Not sure where you are getting 15K traded. Since I posted, we have added 100 and now sit at 5500. GLTA
Comment by
westcoastlogger on Aug 18, 2023 11:44am
14200 all trades on Stockwatch.