I bet a lot of today's volume is from longs who figured (incorrectly so far) that they could sell on the news and buy back in at a lower pps. That had been the trend with Vu1 for a long time, but I think we're finally reaching the point where the bottom is holding. We're getting too close to the big runup.
A couple of weeks ago I sold $6,000 worth of shares so that I could transfer the proceeds into my Roth account, then buy back the shares. (They only allow you to transfer cash.) My plan was to hold and over the next few weeks buy my shares back at a lower price. Though in hindsight I could have bought back my shares at a few pennies less, I decided the peace of mind was more important and so I bought my shares back at the price I sold them at. There are a few likely announcements pending that, once are made public, this share price is going to move, and move quickly.
I actually think today's PR will result in a slight increase in share price over the next week or so.
