Hyperdynamics Corp (HDYNQ)

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On the contrary. "normal" market forces may be pushing it to .69, but I suspect as, TD mentioned, that there is short covering occurring on a limited basis. Pure speculation, but imagine an algorithm that is grabbing the b/a at open and working it into a channel. Once they have opened up their channel, it controls the price keeping the spread under a penny (which effectively locks retail out on the ask unless they want to go under). It then just sucks up any volume that falls into the channel. Most of the volume is made up by the algo trading with itself and making commissions to offset losses. At the end of the day it either "clears" what it's holding, or is set to alllow a run up to make it easier to pull down the next day. This works becouse the "normal" volume is too low to overtake the algo.
Or I could be full of it.