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To: blam

2 posted on 05/28/2014 9:31:19 AM PDT by blam
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To: blam

I did a quick check on JJN. Its average daily volume over the past 90 days has been less than 16,000 shares. Over the past 10 days, it has been under 39,000 shares.

Any stock with an average daily volume of under 100,000 traded shares is considered to be illiquid. In other words, it can be a bit expensive to purchase shares, and a real challenge when you want to sell them. The spread between the Bid and Ask price on stocks like this one is quite wide. Right now, the Bid is $26.40 and the Ask is $26.47. That is a wide spread.

So, if anyone is thinking about making some easy money on this stock (JJN) be careful. Stocks with such a low daily volume and move both up can DOWN in quantum leaps very quickly.


11 posted on 05/28/2014 11:00:22 AM PDT by CdMGuy
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