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Thursday, October 23, 2014 11:23:33 AM
Then, yesterday, right into the close they unloaded a big chunk, sinking the price/bid again and spiking the volume, literally into the close. Now it just did it again, going red, down 6% plus on a large vol spike and on a day that the overall markets are on fire to the upside.
Wow, don't know where the bottom is on this right now? No way IMO to tell when this selling is going to abate? Someone IMO seems to sure be unloading a big chunk, as in millions of shares if one looks at the selling vol for the past week plus now, the drop that took this sub 2 cents again.
Catching the falling knife territory here IMO. Wouldn't step in front of this till the dust settles for me. There just appears to be no bid support or real buying interest, even as the bid is dropping continually. Must be a lot of low price share overhang and someone is selling a pile, IMO.
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