Steve, I am watching every single trade on L2 since 9:30 EST. There is a monstrous effort going on to cap the stock in the 3.30 area. It is the easiest thing on the planet to install L2 on your computer and watch what is going on and verify for yourself. I have no idea why people don't do this and dispute things that are obvious. Ig is totally correct about the HFT manipulation, which is not just happening today but has been going on for 2.5 years, some of the company's errors notwithstanding.
Don't schedule any celebrations yet. They keep knocking it back to $3.30 level. They will try to take it back down from there if they can depending on what happens the rest of today and Lombardo's comments after the close. They will keep trying to break the chart and have 7.5 Million reasons to keep trying.
This is not a sprint against these guys, it's a marathon.
Yes, the HFT is trying to simply keep the lid on. When the buying surge subsided they will walk it back down. Have to agree with Gantor in that no sustained move up is likely to occur until the HFT leeches give it up. When they do it will be based on the future cash needs being taken care of.
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