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Thursday, January 15, 2015 11:00:53 PM
As I also mentioned in a prior post, so long as volume stays at least 700k-800k per day, I am content, as it will keep us on an acceptable pace to flush thru meaningful levels of overhang in a reasonable period of time.
200k shares traded today. Just a hair short, LOL...
...but at least only 45k shares were sub-.19, with only 14k shares being at .18, 5k shares being at .185, and the remaining 26k shares all being from .188-.1895...
Definitely some motivated selling going on the past couple of days. As the sp creeps into the low .19x levels and into the .18x levels, the pool of potential sellers dwindles to the holders of either the .13x, .12x, or the .05 PIPE stock, as all the .085-.11 shares have likely flushed thru already.
All in all though, I would consider a day like today to be a draw because it was both low volume and the VWAP (as well as the closing price) indicated predominantly sideways action today.
I'll take that over a low-volume declining day or a high-volume declining day anytime...
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