Post by
Mako2022 on Oct 20, 2022 11:30pm
Akiba
It seems as though there's quite the favoritism toward another forum to answer what I'm sure we'd all consider somewhat pertinent!!
Focus on what you know.
Becoming a wee bit suspicious of the precarious situation. Almost as though it's a pre empted skit or something??????
Comment by
barrywhit on Oct 22, 2022 9:41am
Labatie7: Average Daily Value Traded Average Daily Value Traded (ADV) means, in respect of a Share, the sum of Daily Trading Volumes over a specified period divided by the number of Exchange Trading Days that fall in the specified period.
Comment by
AkibaLeisman on Oct 22, 2022 11:11am
Sorry about that. Yes, I was basically saying the seller is larger than the underlying liquidity. It's somewhat compounded by the fact that he doesn't want to engage in a block or just hit the bid. There are two sides to the liquidity coin. It can go in the other direction too. I have a sense we're nearly there.
Comment by
novatime00 on Oct 23, 2022 8:38pm
why wuold an old boardmember want to sabatoge price?
Comment by
Method on Oct 23, 2022 11:43pm
I don't know if it's an intentional sabotaging but I can easily see instructions to a broker to sell a certain percentage of the volume every day or a fixed amount of stock every day. It keeps the pressure on especially as long term investors like many on this board are more likely to sell on weakness than anything else.
Comment by
barrywhit on Oct 24, 2022 7:36am
nova wrote: why would an old boardmember want to sabatoge price? Answer, they wouldn't.....its just any easy cop out for a dreadful share price performance....imo
Comment by
Method on Oct 24, 2022 8:31am
To be fair, if the selling is coming from old board members or guys like Barry who I think has said he sold as the stock went lower, there really isn't much selling as a percentage of the float. Our real problem is passive buyers as there is no reason to buy it aggressively without competition and with steady supply.