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captain puff

09/27/10 5:16 PM

#32176 RE: calm seas #32175

I think the BID was at .0028 and the ASK was at .003 all day long. Since there wasn't any transaction at .0028, I will assume most of the 1.8m shares traded today were BUYs... it looks like a lot of shares are sitting on 003. It could be the leftover from friday's selloff/dump.
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TheLaserGuy

09/27/10 9:20 PM

#32179 RE: calm seas #32175

Someone believes that these shares are a good deal at this price, and others would like to get out of their position at any price.

Normally this type of action, with this volume would drive the price down fast.

Since the price is stable it looks like this is a new base.

Unless the bottom drops out, and then this was just a plateau.

If enough shares are offered for sale, we will see another gut wrenching price drop like we had on D Day.
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ndis

09/28/10 7:36 AM

#32183 RE: calm seas #32175

Buys and Sells don't seem to matter when it comes to this stock, so I wouldn't pay much attention to that.