Locan, Inc. (fka LOCN)

[finefinesuperfine]

No reason to worry about volume. On red days, you WANT low volume. It is reason to worry when the stock is down and volume is high -- that means people are heading for the door. When stock is down but volume is low (like it has been today and the previous two days), that means that people are holding tight.

As for interest in the stock being sapped, it's all about perspective. Sure, there's not a ton of money flowing in like there was last week. But part of that is because there's been some consolidation, and so people are waiting for the next leg up to begin before attacking this aggressively again. But think of it this way -- for every share that has been sold over the last three days, there has been a buyer. Someone is buying in, thinking that they are getting value at the price they are paying.

I understand that red days suck. I don't enjoy them either. But don't mistake low volume on a red day as a bad sign. It is a very good sign. But I will agree that we need some increased buying pressure to turn us back to the green days. Hopefully we get that soon.