FYI-- The upside action today is misleading. The volume was really unusually low and the bid/ask spread was also unusually huge (such as .016/.026 in afternoon, for example). It was some very odd trading behavior today, that's for sure, and not likely bullish. The only thing good about today is that i indicated that this stock is not super overly diluted yet, given that the bid/ask could be so far apart, etc. Anyhow, I wouldn't consider action today as a likely bullish indicator unless there is some more quality follow thru to build upon this next week afterwards.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.