$Sify Technologies (SIFY.US)$ For noobs wondering WTF?? See...
$Sify Technologies (SIFY.US)$ For noobs wondering WTF??
See attached; negative issues for daytraders
1. large market cap so established stock
2. Large SOI (shares on issue)
3. Large amt tradeable shares of which all were in profit today
Positive things:
1. Large amount of volume in both shares and $'s turned over HOWEVER it did not exceed the number of shares available in the float which means some pre 33cent holders hanging on and profitable = potentially more selling, likely 1st up in the morning so a dip expected. Likely tomorrow it will do better. Sometimes the market (us) let a stock fall to previous close price or close [called close the gap], this one gapped up from 33cent to 80cent (huge in %) overnight. If you held at 33 cent or less you would've unloaded at 80cent+ too I bet either in full or partially
See attached; negative issues for daytraders
1. large market cap so established stock
2. Large SOI (shares on issue)
3. Large amt tradeable shares of which all were in profit today
Positive things:
1. Large amount of volume in both shares and $'s turned over HOWEVER it did not exceed the number of shares available in the float which means some pre 33cent holders hanging on and profitable = potentially more selling, likely 1st up in the morning so a dip expected. Likely tomorrow it will do better. Sometimes the market (us) let a stock fall to previous close price or close [called close the gap], this one gapped up from 33cent to 80cent (huge in %) overnight. If you held at 33 cent or less you would've unloaded at 80cent+ too I bet either in full or partially
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