Sirius Question About SIRI

C

caplan8293

Sorry for the bad pun.

Every day, I notice that SIRI is one of, if not the most actively traded stocks on the NASDAQ. I also notice that in many of these days, the trading range is only a few cents.

My question is, why is it getting so much volume and not getting any more volitile? Why would people trade it so much if they knew that they could at most make 2 or 3 cents per share?

Am I missing something?
Thanks
 
because in trades in .001 increments most of the time, since the stock is so cheap, people just buy 10,15,20k shares or more and scalp it all day long.
 
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