I have been watching , I bought 500000 shares a few weeks back just to see if it would do anything and it never has but my question is on this is why and how does this trade in the millions everday for weeks without the price moving? average 10 day trading has been 358.9 mil shares and the price never moves,, Can the MMs use a stock like this to trade money back and forth sort of like money laundering ? So can the use it to trade debt or trade for shares they might be short from different MMs? Because I dont know anyone that is buying this and I am sure my $50 did not make a payment on a new house ,,so if average trading of 358.9 mil x .0001 = $35890.00 per day where is the money going ? I have not seen anything posted about this type of trading is why I added this , Any Ideas?? Gary
Posted by PCola77 on :
Without looking at the particular stock, usually when tons of shares trade and the price doesn't move it's due to dilution. Or it could be due to past dilution and there are just so many shares in existence and thus a lot that are for sale at the current price that it won't move until all of those have been bought up.
Posted by Gary59 on :
This has been going on for weeks now , wouldnt people see that and stop trading?? Even with dilution , the os is close to 7 bil shares ,so trading at 359 mil share per day the os is covered in 18 days , this has been going on for weeks now .
Posted by BooDog on :
quote:Originally posted by Gary59: This has been going on for weeks now , wouldnt people see that and stop trading?? Even with dilution , the os is close to 7 bil shares ,so trading at 359 mil share per day the os is covered in 18 days , this has been going on for weeks now .
watch the level II's even in delayed format you can see how the mm's bounce back and forth. Could be the company hooked the MM with a major block of shares and they can only move after they complete the order (dilution). Could be in the millions but you may only see the normal 5000 show then they go away and then flash right back on again.
Posted by Gary59 on :
Thanks BooDog,, just wondering what they are doing with all the trades..
Posted by Livinonklendathu on :
A quick check Gary from Pinkshiits
Outstanding Shares: 6,650,250,000 as of 2007-01-22
Authorized Shares: 9,500,000,000 as of 2007-01-22
REGDEX/A Filed 4/2/2007 for an unknown amount of shares, my guess would be the difference between the A/S and the O/S.