Might be right but it is also normal activity for an IPO. Traders like to position themselves and see how they can manipulate a stock in the beginning. Things usually settle before 6 months are up. Remember companies on the lesser boards attract traders who are looking for a quick double (thereby the wide bid and ask, they just get lucky or they stay out). When things tighten up, the buying you see (which will usually be none or huge volume) will be longer term shareholders loading up on an opprotunity. PWTC followed this prifile in the early years jumping from .40 to $2 a couple of times with really nothing to substanciate the price rise. These stocks are fun during the good periods but be ready to take the money and run - very few ever turn into solid companies, regardless of how good the product is.
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