Thursday, April 13, 2006 9:02:06 AM
I believe what's occured recently (following the investor update on March 31.) is disappointment that relisting was bumped back to 3rd quarter of 06. (Stocks are very moody.)
The 4.70 level is very long term support going back into 04. Until there is any real selling volume to the downside, I wouldn't worry too much about this basing pattern.
I do have one question. Why is it that on high volume "event" days (like yesterday 4/12) weird prices seem to print (4.23 yesterday) Do the market makers intentionally throw this price into to the mix as a stop gunning exercise or is it just a horrible fill? (Why would any trade take place at that price level which is so out of bounds?) --It bugs me because it screws up my equivolume charts.
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