OAK 0.00% 6.0¢ oakridge international limited

XPE Charts, page-9342

  1. reu
    1,743 Posts.
    Again, the volumes are actually LOW. Price-volume analysis 101 says declining SP on low volumes matters little. And that's what we have here.

    I find your post here sensationalist, and flawed as follows:

    (1) 55 million traded in 2 days DOES NOT MEAN 55 million sold off (nb. you said "selling it off"). Many trades (possibly most in this case) would in fact be back and forward day trades and/or repurchasing of shares by investors who have had their stop-losses triggered by relentless bot action -ultimately possibly instigated/orchestrated by certain sophisticated traders wanting to buy IN.

    (2) 55 million traded at say 0.033 = $1,815,000. (approx) 39.5 million traded at say 0.046 = $1,815,000. Thus the volume has increased since the high of 0.046 in part because you can get more shares for your dollar.

    (3) 55 million traded at say 0.033 = $1,815,000. WHO CARES? THIS IS LOW VOLUME. It would take just two or three decisive soph. investors to pile in at the same time and a complete reversal would occur.

    (4) How many times have we seen XPE go up 10-16% in a single day on NO NEWS? Many times! It has nothing to do with news flow at this point, because volume traded ie. *real* (price-adjusted) volume traded (as explained in (2) above) remains VERY LOW.

    All personal opinion and readers should do their own research.
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6.0¢
Change
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Mkt cap ! $1.619M
Open High Low Value Volume
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Buyers (Bids)

No. Vol. Price($)
1 25000 6.1¢
 

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Price($) Vol. No.
6.5¢ 42973 1
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