LU...Why

Why does LU move in such a tight range but yet has 36 mil volume today? This is one stock i've not followed in a few years, but geeze.... SNDK can have a range of 49 - 51.46 on 12 mil vol...


*confused*
-c
 
Quote from ChiBondKing:

Why does LU move in such a tight range but yet has 36 mil volume today? This is one stock i've not followed in a few years, but geeze.... SNDK can have a range of 49 - 51.46 on 12 mil vol...


*confused*
-c

Probably has a great deal to do with the roughly 4.4 billion shares outstanding for LU.
 
Quote from Chagi:

Probably has a great deal to do with the roughly 4.4 billion shares outstanding for LU.

ah.. the days from when they handed out stock like a vendor handing out hats at a convention.....
 
Quote from ChiBondKing:

Why does LU move in such a tight range but yet has 36 mil volume today? This is one stock i've not followed in a few years, but geeze.... SNDK can have a range of 49 - 51.46 on 12 mil vol...


*confused*
-c

A $50 stock should have a wider range than a $3 stock.....this is just a hunch I have.

A ten cent range is 3.4% of LU's closing price.
 
Quote from ig0r:

Track pays 0.002 for adding, INET pays 0.0009 for removing

you're right my bad... but I don't think it's a factor...
 
Search the P/L journal for mksummy...
he scalped LU , i think he alone did few millions LU a day
Quote from ChiBondKing:

Why does LU move in such a tight range but yet has 36 mil volume today? This is one stock i've not followed in a few years, but geeze.... SNDK can have a range of 49 - 51.46 on 12 mil vol...


*confused*
-c
 
Quote from BankBank:

i don't think anyone is making a living trading LU for rebates.

10 pennies on 5k shares is a decent living.

Or 1 penny on 200k shares a couple times a day a la mksumnny
 
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