Originally posted by Banjo
DATT , you're right, just read it thru, lotta bucks for not including it.
You are not kidding. 100 million damn dollars in this market! And considering all the Tradescape traders are cents/share, I wonder how they define 100,000 "trades" per day? If a guy throws out 5 100 share offers within a 5 cent range and they all ultimately get taken, is this 5 trades among the 100,000 they supposedly generate daily?
Wow now that I do the math its adds up quickly. 100,000 times let's say 200 shares average per "lot" is 20,000,000 shares a day times let's say .7 cents profit per share is 14,000,000 cents which is 140,000 per day profit times 250 trading days is 35,000,000 so 100,000,000 is only 3 times my very rough profit calculation. And I would imagine that the 100,000 daily trade figure could be readily substantiated or they would not have included it in the press release.