CCC continental coal limited

was mikayla right?, page-44

  1. 1,932 Posts.
    Large volume today with a small amount of price movement. This implies that while there is a lot of buying going on there is still a large amount of selling pressure still in the market.

    6,800,000 = $469,200 at current SP. So based on what is in the current market depth each .01 cent increase requires $300,000 - $450,000 to wipe it. The only way this stock is moving up in significant numbers is when we see $100,000+ buy orders coming and scare those sellers into pulling their orders (the fear of missing out).

    So I don't think we are going anywhere until this selling dries up, the big players will be happy to accumulate shares by letting the sellers come to them.
 
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