The trading action of this stock is surprisingly orderly relative to other pink sheet stocks.
Whether it is being walked up or down, it seems to trade more in line with more established, big board listed companies.
You'd think the mm would take advantage of the quick absorption of the big blocks and create a wider spread, as is so often the case in pink sheet stocks. I was amazed at the relatively slow and upward bias of trading today.
And, it's true of the downward slide as well. When the stock begins its downward walk, it is likewise done in an orderly fashion, giving traders the opportunity to get out without facing a huge slippage in price.
Today's volume was also a welcomed interesting as there is nothing really new to warrant a huge interest. One would have thought those who wanted in would have locked and loaded their shares during the days of the pending agreement.
If these buyers are old foxes, then that makes sense. If they know something we don't and are buying in spurts not to attract too much attention. This could be an accumulation effort on the part of several parties who are aware of things to come, i.e. exploration plans, and potential data from such exploration may possibly be off the charts. So they are putting up risk money on the bet that this will be worth multiples of $0.10 in the near future, meaning within a year or so.
Whatever the reason, this action yesterday and then the follow through today, and possible follow through tomorrow to a new 52 week high, with strong volume, will be even more welcome.
We await..."next week".
