Ha...beat me to it. This was exactly what I was just analyzing too. This has been the pattern for the past week...walking it down to the high teens by the MM's on very low volume. Then the cheap shares get gobbled up, and the price bounces back. However, today, those buyers coming in at the end to chase it back up were MIA, so we broke that pattern.
It appears that everybody is now waiting on a PR that has some NEW information in it...something with some solid numbers in relationship to the two supposedly signed contracts.
I don't see much technical damage on the charts from today's price retracement. We had three straight up days, so some profit taking by a few is to be expected. Lack of new buyers, and some profit taking by a very small group, is what drove the price down today. We're right where we were last Tues...waiting on a PR...but hopefully one with some meat and potatoes in it this time.
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