Re: richardo/S/P @ $.08 jefother Daboss
in response to
by
posted on
May 16, 2011 07:46PM
Your guess on the numbers, volume and average price does not support what you think. The volume is about half versus 2007, and the price is almost 50% lower.
It supports my analysis, not that it is correct, but investors are selling and the average price is well below prior years.
Following is a synopsis of the past 4 years plus YTD data. In the last 17 months the price has averaged $.102 a substantial reduction from the average in 2009, approx 30%.
Year | Vol | Dollars | Avg Price |
2007 | 90,306,000 | $16,591,871 | $0.18 |
2008 | 60,998,000 | $7,406,919 | $0.12 |
2009 | 54,869,800 | $8,342,916 | $0.15 |
2010 | 41,290,400 | $4,325,279 | $0.105 |
2011 | 15,844,400 | $1,506,951 | $0.095 |