Another bad day for ceiling players. FJP closed at 3.18 the other day with a volume of 2,927,000 and value about 8.6 Million pesos.
Have tallied the volume of the opening price 3.19 and above, about 250,000 only were able to sell.
Almost 90% are stuck up.
The biggest problem is the spread of bid and ask price. At 9:52:06 AM, the price was 3.18 to and 9:52:37, it drop 3.00 with volume of 2,000 in just 31 seconds. How can you sell if you are holding 10,000? Next thing was FEAR and panic.
Please take note that FJP ceiling about 10:30AM. the other day. meanng, hypers already sold their positions from 10:30 to 15:30. the other day.
If you tally the volume last December at the price of 1.9 pesos, volume is about 1.7M
And If they sold the 1.7M shares at 3.18, the other day, A whopping 5.4M out of 8.6M for that ceiling day.
Iyong balance na 3.6M, just for losers. Anyway, some expert gurus are still stuck, so lets see what their money can do.
It is simply gambling.
Just sharing my Opinion.
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