TraderJeong
Oct 6, 12:42 AM
$SNDK The trading volume is way too low. Whether SNDK wants to move significantly higher or institutions want to take profits, the current volume makes it difficult to make a big move in either direction.
For institutions to successfully take profits at this point, the only real option may be a stock split. A split would increase the number of shares in circulation, and if the price were brought down to roughly one-tenth of the current level, retail investors would be much more likely to jump in.
But to make that happen, SNDK would first need to break above the
$2,300 level and build enough momentum to justify a stock split. Otherwise, institutions are basically stuck making money from the options market week after week.
Ultimately, institutions need to become active buyers again, drive up the volume, and bring SNDK back into the market's spotlight.
If SNDK can make a new all-time high and create momentum for a stock split, it becomes a win-win situation for both tutes and retail.
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