You are correct, there was not nearly as much volume in these stocks as I thought there would be. CIG had 45% more volume then its average daily volume and MPP had almost double, but yesterday morning I thought there would be a flood of buy orders. CIG had its high of 24 3/8 on the open, but its daily price/volume chart looked like a downward stair case from then on. Maybe potential buyers are thinking more along the lines of cigars being just a fad and the regulatory issue is keeping some away too.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Ma