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Discussion in 'Elio Stock Discussion' started by Ekh, Feb 20, 2016.
correction 19,800 stocks at $3.45.
I heard that measurement originated in East Keester!
19,800 shares bought at $2 and sold at $3.45 is a profit of $28,710, minus transaction fees.
Someone made a nice addition ot their vacation fund.
If the seller bought at 12 and sold at 2, he didn't do quite as well.
Lot of selling pressure today. Does anyone know why?
Do not see any news to drive short selling.
The big day this week is Friday, when Paul Elio will be speaking.
One thing I just pondered is that ELIO stock is now somehow tied to Overstock stock. They have earnings news today.
Predictably...Elio’s stock volume dramatically increased after the Overstocked.com and ElioCoin news...
The “penny stock” daytraders are always looking for short term opportunities as a result of the crypto currency mania...and thus became heavily involved in Elio stock speculative trading as a result of the ElioCoin announcement...
Expect the volume & price of Elio stock to retreat as the daytrader move on to newer speculative opportunities...
FYI...Elio stock is difficult to short because of the small available float...the shares are difficult to borrow...thus making short positions hard to establish...
Do you think the dam broke? Heavy trading and the price is up a dime.
That dam could be the GOD one, so we will just have to seeeeeeeee!