We were trading at .46 to .50 just 2 weeks ago with bid whacking volume, now less volume and buying at the ask 20% higher at .54 and less left on the ask to clear out based on daily volume and trades. The seller(s) is obviously running out shares and can break out at any minute. Monday should break out clean and fast
EcoMike had one answer. Another is that those with mucho shares and no long term vision are rebalancing their portfolio (not me!). It is not always meant to be deceptive, but such sellers know that huge quantities of shares sitting out there all at once discourages the buyers.
As better new piles up, the sellers will be less and have confidence of a great future. GLTU
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