I'm looking on XXII L2 at the moment and all I see right now are MM computers trading 100 shares to each other at the day low. That tells me that retail investors and shorts are less inclined to offer big blocks of stock for sale under $2. Non-technical sign that cheaper shares are harder to buy and pre-evidence of reversal, IMO.
"Sell" volume is almost 3x "buy" volume and stock is only off a couple points. Will be interesting to see how long this 8k block remains on the ask at 1.95, more than 10% of the day's volume so far. My guess is not long. Gonna eat my lunch and watch for a minute.
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