When I look at the chart I see something much more intersting.
The chart below is a one year three day chart. I used the three day setting for smoothing.
The last time this stock had any appreciable liquidity was in late December to early January. Most of that stock traded close to the one cent level. All of it traded over .007.
The A/D on the chart takes a steep move down in the middle of this run. IMO - this run was shorted, a reasonable assumption because that's the way the MM's and hedgies usually play pennies.
If you look at the boxed in area on the A/D indicator you'll see that it went back up a bit late Feb to early March and the price stayed pretty stable.
The last few days of March and the first two weeks of April volume jumped and the stock tested .005 During that time the A/D bottomed out. I think the stock was shorted down to break the .007 support that we saw during December and January.
In May the stock stabilized between .005 and .006, holding support. Volume dropped to almost nothing by the end of the month.
The first three weeks of June volume jumped up again. On the first day of increased volume, the third .005 support was breached. I believe it was breached by short selling.
On the 17th over three million shares were traded. The stock went down to .0021 but opened and closed at .0055. This is called "running the stops" or "shock and awe". On that day the A/D line started moving up and it has been on an uptrend since then. I believe that is the day the shorters started to realize that they weren't going to be able to make a profit and they started covering at every opportunity.
Remember, they had to start shorting at over .007 to break that first support level.
On June 17 there was no bad news, the stock was holding support and stable, so there was no reason for anyone to panic sell. The fact that the stock went right back to support and only $1000 dollars worth of stock was sold in the next few days makes me think that there are NO TRADERS in this stock.
A little volume came back on the 23rd and 24th and the stock broke support, going as low as .035. I think volume was just wash trading and shorting if a buyer came along. $500 worth of buying in the next four days brought the stock RIGHT BACK TO .005 support.
Note that the volume weighted average price (VWAP, the green line) sits at just over .007 which was the first support they tried to break. It seems that all of the attempts to break the price support on this stock were smoke and mirrors.
On July 5th they tried to run the stops again, and again the stock recovered most of its losses and opened at support the next day.
July 11th, in desperation, the stock had a gap down open. Half a million shares were traded and the stock closed .0001 under its traditional .005 support level.
After a second attempt to gap down at the open on the 12th and after that attempt on the second volume dropped dramatically.
As soon as volume came back in September the price went back up. It went back up OVER the level that it was shorted at on very low volume.
The shorts haven't covered, they can't cover. THEY ARE SCREWED as soon as GeckoSystems announces a wheelchair deal.