Volume, Part 2

On my last post I wrote about volume and how good or bad it can be to your bottom line and sanity. That post was supposed to be a one time post but after seeing how good volume worked for me on Thursday I just had to go for part 2 and here it is for your reading enjoyment.

On Thursday the market was up more than 200 points and as a result all of my investments were up including my 70 Bank of Greece (NBG) shares. The stock was up $0.44 cents, multiply by 70 and we get a nice gain of $30.80 for the day and that my friends was volume in action.

As we can see volume is great if you catch the wave at the right time but it can be bad if you catch it at the wrong time and that as we know is something we have to live with and get used to.