Re: Has this crossed your mind? If you really want to dump your TDC's, then you...
posted on
Jun 08, 2010 07:52AM
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"Take a good look at this chart. Notice when we had our big spike up at the end of December, how many millions of shares were involved on the way up (green bars)?
http://stockcharts.com/h-sc/ui?s=TDC.V&p=D&yr=1&mn=0&dy=0
Now notice the volume on the way down (red bars). Notice anything interesting? Big volume on the way up, and small volume on the way down is what you want to see. This is very bullish. "
Well said. I watch the 1 minute chart for a three day period (not for trading purposes) but to see what is going on in the Tyhee market. The average purchase (higher or same price) runs 5K to 15K shares. The average sell price happens when there is very little volume in the market and it transacts for 100 to 1K shares.
While someone may have been getting out of Tyhee for what they feel are pastures that will turn green sooner, the basic mode of the trading is that of accumulation.
Make a 10K buy at a good price. Wait until there are no bids and sell at "market" 100 shares, a couple times if necessary. Then reset your 10K buy offer relative to the lower price you just created. When volume comes all this nonsense will stop. I don't blame the people who are doing it. They are getting great value for their efforts. A one cent change in a $0.20 stock is a five percent move, well worth their time and PATIENCE.
Volume in a $0.20 stock has to be quite high to end this situation; probably on the order of a million or more shares daily for an extended period of time. That's only $200,000 changing hands.
P.