QUOTE(cherroy @ Jan 14 2009, 11:18 AM)
Just to add a point, one needs to look at the total amount of trade as well ie. volume x share price.
If a stock is 0.20, then 1 millions of volume is seemed small only, as 200K already can 'goreng' up this stock. Because most people won't buy/sell with 10 or 20 lot in those kind of low penny stock.
Another consideration is the liquidity of the stock as well, if liquidity of the stock is low, then those 200K volume may be can sustain the rise, but if the liquidity is high, then the volume is insignificant.
Very good point - Im still sitting on my Favco stock. Hardly any trade every day.If a stock is 0.20, then 1 millions of volume is seemed small only, as 200K already can 'goreng' up this stock. Because most people won't buy/sell with 10 or 20 lot in those kind of low penny stock.
Another consideration is the liquidity of the stock as well, if liquidity of the stock is low, then those 200K volume may be can sustain the rise, but if the liquidity is high, then the volume is insignificant.
Jan 14 2009, 01:11 PM

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