source avatarMr Never Sell

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$OPEN is down, but on extremely light volume. Only 22M shares have traded so far in a lighter-than-average day in Q4. This time last year we were trading around 200M per day. That was 10 times more. There is little buying interest at these levels. If you ask me it’s not fear. Fear results in higher volume. No this slow low volume decline is big money waiting for the bottom instead of buying now. Relatively few buyers are active. A drop from 5 to 2 on prolonged low volume is easy to short, but I avoid shorting because any big buy can erupt instantly. On bigger daily volumes (say over 100M) during a fall, buyers would have less power. Volume acts like a magnet, prices with heavy past trading become hidden magnets that pull the stock. I will add some more $OPEN this week if we continue falling, but in my world this looks pretty normal.

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