Market today  338,000 shares so far today. Why the high volume?

Update 4:00 p.m. central time 846,726 shares with a $1.90 close and after hours trading according to

4 comments on “Market today

  1. Sold all my shares on the pump and dump but when I saw the annual report it renewed my confidence in the board so much that I am buying in big. Ya think?

    • From Wikipedia: “Pump and dump” is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” their overvalued shares, the price falls and investors lose their money. Stocks that are the subject of pump-and-dump schemes are sometimes called “chop stocks”.[1]

      In this particular case, I think it is a facetious remark on my part. The annual report was such that I cannot imagine there can be any positive statements falsely made about the bank that could entice anyone to buy stock. But what do I know.

  2. I think the pumpers go after thinly traded stocks with low market caps – so the can get them started with minimum purchases on their part. During the escalation of PNBC’s price, I ran across several internet stock rumor tip-sites that were trumpeting the “hot stock.”

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