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Indigo-Energy, Inc. Message Board

  • highroinow highroinow Apr 9, 2009 10:59 PM Flag

    Stock Price

    There appears to be an infinite supply of shares with owners who are willing to dump it at .05 a share. At this rate the stock isn't going anywhere. Assuming 250 trading days @ 200,000 shares per day, that's 50M shares in the past year. Comments?????????

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    • miketraynor@rocketmail.com miketraynor Apr 10, 2009 11:08 AM Flag

      I don't like the thing volume, but what can we do? Until the company announces a profit, it will be a penny, speculative play.

      But this is a two-sided sword. If the volume is thin, it means that a small increase in volume can cause the stock to move in a big way. Take ten seconds of BofA volumen and we would double our daily volume.

      But, let them send some oil to a refinery and all the lights will start blinking.

      And, when it does, hold on.

 
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