wow i have had to answer this ? ever trading day for months. any volume you see before the premarket opens is done by only institutions and brokers. thats why you will see on the L2 only pacx until about 1 1/2 hours before premarket then you will see nasdaq come on the L2. all of the retail brokers you wont see til premarket. we place our trades through retail brokers.
I would dance on my desk if we see $3 today. Yesterday was mind boggling. Saw the price at $3.19 and thought i would make a killing. Every time it dipped lower i thought here comes the rally which never came. Even the rally at around 1:00 to 2:00 pm never came. Problem is once the price drops down to low it's hard to sell off and take the huge loss. Im sure the people at BAC kept saying the price could not go any lower and here they are at $3.15
I agree...$3 would reset me to January levels. $3.20, and I'd be really happy, since I've really messed this one up. I'm just horrified it is gonna go straight down and I have to pull the trigger with huge losses...not that they are that huge...but I don't want to lose unnecessarily.