Yep! Today's volume stands at 6.37 times the ten day average. That's pretty impressive, don't you think?
Sometimes stocks experience severe stomping for various reasons ranging from misperceptions about internal corporate noise to credit insufficiencies to market imbalances especially in the commodities arena and, of course, the ever-present hand-wringing brought on by global terrors of one sort or another. We're talking about "compression."
It's quite obvious that Lonestar has been stomped on and then some. Were it not for this day's ridiculously convincing uptrend in volume, I think most of us would be writing today's trading off as an anomaly and maybe even a dead cat bounce if you're a pessimist through and through.
As shavitmi predicts, something will be revealed. The severity of today's trading tells me the next day or two will reveal all. One thing is for sure: We shareholders will be beneficiaries.
Tomorrow I'm hoping to see volume rise above 3,000,000 shares.