TYHEE GOLD CORP

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Message: Re: Todays volume more than...
3
Aug 21, 2012 06:10PM

Ah, Hansix, if it were only so simple. You wrote (my comments in bold):

McEwen Mining (MUX:TSX) had 335,000 shares traded today (mcap~700 Million) $1,333,300 = 0.19% mkt cap

Thompson Creek (TCM:TSX) had 374,000 shares traded today (mcap~450 Million) $994,800 = 0.22% of mkt cap

Tyhee Gold Corp had 514,000 shares traded today (mcap~27 Million) and rose 6.7%. $41,120 = 0.15% of mkt cap

Even on a good day, we lag in true (dollar-weighted) volume. When we are ready to really move up the volume will consistently be in the several millions of shares. Until then, it's all noise. Including the current price action. No analysis will be necessary when that occurs - just think bang.

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Aug 21, 2012 07:46PM
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Aug 22, 2012 08:25PM
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