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China Integrated Energy, Inc. Message Board

  • iggi72uwgb iggi72uwgb Jan 19, 2012 1:16 PM Flag

    DOWN 9% ON 4,800 SHARES TRADED.

    How is this even possible? 4,800 shares would cost $2400US and it dropped the market cap by $1,364,409US. Anyone give me a fundemental explanation as to how the pps would drop in this manner?

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    • heddygreen@ymail.com heddygreen Jan 19, 2012 5:58 PM Flag

      You are comparing oranges to apples. In this price range the market capitalization percentage changes will seem extreme over a million dollars for each nickle the price moves. The same is true for any compamy. If microsoft moves a nickel the market cap will change by many millions of dollars but this is a small percentage of their market cap because the share price is higher. How many shares were traded to set the last sale price is not fully relevant as the market cap should be computed using the bid price for the shares not the last trade. So it is common for a company's market cap to change by millions of dollars in one day or even a few minutes.The market cap for Carnival Cruise lines dropped a lot more than 9 percent right on the open Tuesday.

    • yesterday (wed) the bid ask was 50 cents and 55 cents. not sure of specifics from this a.m. on the spread, but presumably similar. anyway, orders filled at the bid are 10% lower than the ask.
      - with the low volume, waiting for the news, the bid-ask can spread.

      a few weeks ago, it was 32 cents and 38 cents - nearly 20% - with equally low volumes.

      there are about 1.7 million shares short. there are lots of folks holding long - some averaged down, some with basis up in the few dollars or more. the stock will go up big time or tank once the investigation info is out - which is supposed to be within the next month or so.

      if job posting, new headquarters and other data point you to the long side - you keep the shares. if the videos and other data that are no longer on the original poster's site give you comfort, you are short and looking for it to drop further -- thus, not many shares trading now.

      stock is currently in a mildly bullish phase compared to a few weeks ago (short moving averages crossing long ones) -- but with the low volume it's basically a holding pattern until real news and a 10 percent swing can happen on low volume due to the bid-ask spread

    • When you see small trades like that, it is the MM's trading between themselves, to balance their books.

      I have an order in at .50, it hasn't filled.

      ff

 
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