rrm_bcnu.. I'll look at the volume at the bid and ask.
Look at the 5-day chart on BigCharts and look at the volume.
The largest volume concentrations are all on the bid.
Tuesday between 9:30am and 10:00am.. 141.6 million shares were traded at the bid of 0.0003... A 250,000 lot was purchased ast the 0.0004 ask at 3:45pm. A day that registered 193,538,000 was credited as an "Accumulation" day on the Accum/Dist line because the close was at the intraday high, but infact, 73% of the volume happened in a large 9:30am-10:00am distribution.
Do you understand how this flaws your "accumulation" theories? These claims that there is accumulation going on can only be found in funny numbers that long shareholders are pointing to.
Let's look at Wednesday. About 23.5 million shares were sold at the ask between 10:15am-10:45am (This is all on BigCharts.Com, interactive 5-day chart, 1-minute interval, for all of you to confirm yourselves). There light scattered buying the next two hours of approximately 13.8 million shares. Then around 1:15-1:30pm, there was heavy selling at the bid, 52 million shares. Just before 2:00pm, 10 million was bought at the ask. From 2:00pm until 3:00pm, it was consistant selling totalling 38.4 million. From 3:00 to 3:30, light buying, around 10 million at the ask. Then just before close of around 50 million shares.
Is this seriously your idea of accumulation? Thursday was similar.. Around 60 million traded at the bid, with total volume for the day 83 million. The final tick was 0.004.. Another "rise" in the "Accumulation" line!
