OK I'll play nice.
Monday was simply continued fall out of last week. There was no official news released Monday in regards to the shareholders meeting. In fact silence seemed to permeate all boards over the week end.
Downward momentum has already been noted for last week and Monday was just more of the same.
Yes there were only 10,722,625 of the 113,912,501 shares traded on Monday at .0004.
Tues was a differant matter as you well know where 20,546,500 of the 27,544,894 shares traded at the ask of .0004.
There was only 4 large blocks traded today which were 5 Mil or more. One was at the ask and the other 3 accounted for two thirds of the shares traded at the bid. Since they all happened within moments of each other it is likely IMHO they were all part of the same sales order by the same person or entity.
Also note that those trades went through in the last hour. Up until that time trades at the ask were well ahead of trades at the bid.
If you studied L2 you would also notice the MM activity on the bid and ask is closer to balancing this week and actually was for a good part of today. That is definate improvement over last week where we had the faltering.
I do notice the 97% days trading at the ask don't seem to catch your attention where as the days trading at 62% on the bid do.
I guess it just depends on what one wants to notice or make known in the first place.
Now why would someone notice days when there is more volume ( not necessarily more trades as was the case today) at the bid and not note all the days when trading is heavier on the ask?
Even though I am long on the stock I still take notice of good and bad days on the bid and ask.
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