Yesterday was the lowest volume day in about a month. Average daily volume well over 100,000 shares over the last month.
Clear indications of a seller putting a lid on the stock at .10 and at point .08. Clearly a position being worked. Funny thing, at these prices one could do well trading ..... buying .06 and selling high .07s. 20-30% gains being your own MM.
Given the drop in volume yesterday .... could be whomever working a position didn't play yesterday ...... or maybe that is "it". Only way to find out is to see if the lid still exists and whether or not another dump occurs.
Only time will tell.
BTW Weazel, recent insider buying does not preclude the potential for news. Material event is the key. So an update on science and news like the Trion deal can still happen. Personally wouldnt count on it but then again, one never knows.
Given attendance at JP Morgan conference in January, it would be smart to have some signficant news to share with everyone beforehand. Attendance is nice .... presumably they are talking with partners there and we hear more shortly thereafter.
Who buying up all the stock the past month ?
Amigo Mike
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