04-25-2011, 07:51 PM
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Confirmed User
Industry Role:
Join Date: Jun 2009
Posts: 8,824
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Quote:
Originally Posted by Houdini
This doesn't make sense. The average daily volume for the past 30 days was 60,973 shares a day. The average daily price for the past 30 days was $0.10 http://finance.yahoo.com/q/hp?s=ORFG...torical+Prices
To buy $50K, at an average price of $0.10 cents and with the daily volume of 60,973, you would have needed to buy EVERY single available share 30,486 (since you can only buy half of what is traded), for over 16 days straight to buy $50K in stock, because you would have only been able to buy $3,048.65 in stock each day. That means for 16 days, no one but you bought any. Since you bought another $50K "last week," that means for the past 32 days, you were the ONLY buyer.

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There was no block of 500k sold, and the price would have hopped if there was a large order. No broker would spread out a trade for so little commission.
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