Closes are about as irrelevant as charting on stocks such as LNY.
VWAP for the day was .0039, on reasonable volume.
The small parcel through at the close (during the auction) , will most likely be reported as short sales, similar and consistent with recent like-sales. I’m guessing we’ll know after lunch today, and if the other reported short sales were not closed out, then T+4 will be of interest.
Let me know if you any help with the relevance/significance of VWAP....and FA, with respect to spec stocks.
Warmest regards,
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held