Applied Minerals Inc (AMNL)

[RazorBoy]

Curious what you mean by "the chart setup is really amazing with all technicals bottomed. Next real resistance is .05 from these levels. Lastly, amazing share structure. This would move multiple pennies in one day with volume?" This has been a thinly traded stock with no news to propel a run-up. Even with the news of the Amiron deal in early December, the first real news in several months, the stock never went above $0.02. Over the past month +, volume has skyrocketed, the end of year largely to log in losses for tax purposes. However, since the beginning of the year, over 6M shares have traded. Seems like someone may be accumulating the stock, perhaps with a very short-term horizon. A sudden surge in price without a company press release would be unusual and unprecedented. In such circumstance, others may wish to clock in profits below the .05 resistance before the price inevitably crashes back to earth.