You may be very correct, low volume or not.
I was about the only seller all last week.......and I'm the forum drum pounder. Ha.
At .016 Bid I thought I might sell off a couple hundred thousand shrs and drive the Ask down into the 14s where I could buy back-in for a couple hundred dollar trade.
Didn't work.
I wound up selling almost 400,000 between 16, 15.5, and 15... and the Ask stayed firm.
Fortunately, my break even was way below .01 for that trance and I got bored and decided to try the trade.
I did get a hundred K back at 15.
I think we have been dealing mainly with MMs the last couple weeks, so I should have known better........so, even though there is not real strong Bid volume........there are no sellers in here either (except dumbo here) and so I think you are correct.
With any kind of positive news this stock is so thin it will really respond.
ICOR: Throw us a bone!
Thankfully, I have a core position I can HANG ONTO!
Standing by.
