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Message Boards Settings Petro Resources Corp. (PRC) - Quote Info
Liquidity Improving     12-Jun-09 11:33 am    
Liquidity is improving in this stock faster than I had hoped. Average volume has gone up from 250k shares a day to 500k shares a day in just a couple of weeks.

Last week I held roughly 25,000 shares of this stock and couldn't get a 7k block sell order to execute at the published price. Not enough liquidity or demand with only 250k shares per day being traded.

This week interest in this stock is way up. Daily volume is now 500k shares per day. Much greater demand and liquidity. As an experament, yesterday I placed a sell limit order of 7k shares I bought at .68 to sell at .74. The trade executed in about fifteen minutes. That's a really good sign.

I'm holding 16.5k shares right now. That's enough for now until there's more liquidity. Once there's 1 mil shares a day of average trading volume in this stock, which I think could happen in three to four weeks, I'll be confident enough in the liquidity and depth of the demand to back up the truck and make a big buy.

Then I'll just kick back on my hammock, enjoy my Bud Light Lime and let Gary Evans do his thing!!!!


Sentiment : Strong Buy
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billglueck

46/Male
Connecticut


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  Subject Author Rating Time of Post (ET)  
 
Liquidity Improving
billglueck Not rated 12-Jun-09 11:33 am  
 
million shares a day trading volume in 3 to 4 week...
blaineson3 Rate it 12-Jun-09 12:18 pm  
 
Sorry you're short the stock and losing your ...
billglueck Rate it 12-Jun-09 04:08 pm  
 
Here's a lesson of the day for you bill....
okie1doekie Rate it 15-Jun-09 02:52 pm  
 
Oakie, I just watch the volume e...
billglueck Rate it 15-Jun-09 05:49 pm  
 
Bill, I don't understand why you feel you can't bu...
Slabman1 Rate it 15-Jun-09 06:56 pm  
 
Oh man, sure glad we got to that million shares a ...
blaineson3 Rate it 30-Jun-09 11:28 am  
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