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Thursday, August 21, 2014 10:21:07 AM
That appears to be the pattern IMO. One, single, 2,250 share trade posted and it was about 30 minutes ago (9:34 AM Eastern), and nothing since.
2,250 X .0275 = $62 bucks worth.
(bid .0263 and ask .0275)(high spread and bit at about 50 DMA)
Volume is really dried up on the days there's not more selling than buying it appears. Seems range locked and flat lining for long periods- sometimes one hour or more between trades.
When it's gotten in this low volume, high-spread "mode" in the past 3 or more months, it usually means one of those 20% or 30% or so big drop days is lurking out there IMO. All it takes is one sell order of decent size, someone just wanting to unload, and at these volumes the price just gets sunk- to the 200 DMA and even below, several times in the past 3 months or so. The 200 DMA is now at about .024.
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