Saturday, September 05, 2009 2:29:05 PM
This stock traded somewhere around $1.4M in volume Thursday and Friday on approximatley 182M shares. It went up over 400% on Thursday and pulled back 45% on Friday.
Looking back at the previous few weeks, the highest daily volume was 13M shares with the trades being in the .001-.002 range.
Something is up and its not being driven by retail activity IMO. The company looks like it has an interesting product and they have gotten some traction with it in Europe and India.
The disconcerting thing is that if you look at the last 10Q, they had no revenue, so I'm not sure if they are giving the product away or what?!
Not quite sure what to make of this stock...will watch and see what happens Tuesday.
GLTA,
Murocman
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