NXHD traded an amazing 1.432 billion shares on Wednesday coming close to Citigroups record for a Dow Component, although NXHD does not trade on the NYSE, it trades OTC. The comparison is merely for kicks. For a Pink SHeet stock to trade 1.4 billion shares is quite an achievement, also when taking into consideration the recent volume surge. The stock has traded over a billion shares for the third time this month. Today really brings the stock to a crossroads. Eventually all these shares will either be dumped, bringing the stock back to no bid, or the stock will surge noticeably higher.
As it stands now it appears NXHD has garnered a decent following and price momentum should develop as traders hold shares and new buyers join the fray. Lets see what the rest of the week brings. Another 1.4 billion share day will most assuredly send this stock several 100% higher.
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