August volume in the OTCBB best since April
By Giando Argentina
Published by OTCNN.com
09/06/2000 09:17 AM EST
The August volume numbers are in. The volume in the OTCBB was the strongest since April.
With volume declining steadily since March, I think it is a very bullish sign for the market to finally
see a reversal of the downward trending volume numbers. The total share volume was a healthy
5,181,675,153. This was an increase of over 30 percent over July’s numbers of 3,895,808,072.
The volume I believe, is ultimately the key indicator of investor interest and commitment to the
market. With the summer months behind us, we should expect to see the share volume numbers
continue to increase. Therefore, with a healthy increase in volume, I think that we can conclude
that investors are coming back to the OTCBB instead of leaving it.
While there are many stocks with nice increases in share prices, many are not able to hold the
gains yet. There are many bargains out there. Traders and investors seem reluctant to purchase
stocks up considerable amounts and prefer to roll profits into the bargains. As the volume
continues to increase, the money will flow into more and more stocks and the broad OTCBB bull
market should return. Many companies that trade on the OTCBB will benefit from the increased
volume as well. Their share prices will increase enabling them to obtain financing at more
advantageous terms to fund their operations.
I stress the importance of volume because without continued investor demand, stock prices fall.
The sideline money should be with us soon, along with the "don’t want to be left out of the party"
money. Some traders feel that the OTCBB market may not be in full swing until November, but
with sustained increases in volume, I think this year we may buck the trend and see a nice overall
surge well before November.
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