depends - for the most part - on how aggressive V-man is...
At this point, Mr. V-man controls this stock and can easily push it down or let it move back up into the 5s...even with our low volume.
Mr. V-man has been less aggressive lately and has been letting it rise with a little volume and sit with zero volume. I should send him a valentine's card.
Your daily analysis of the trading is being done on a stock with almost zero activity for days at a time. A stock where it's highly likely a group of fewer than 5 individuals are the only people selling shares over the last year. A stock for a company that has yet to start making money.
Point is that there's very little to analyze in the trading. It's like analyzing 2 dudes at a barbecue.