Low Volume=good. If you take a look at a six month chart you'll see that higher volume (demand increase) following a period of low/steady volume resulted in higher prices .14 to .24 and .26 to .34 leading up to the CNBC mention. Since the last upswings, there has been increased churn on a daily basis along with a declining share price which makes one consider the theory that there have been seller(s) unloading since Feb 17. Wonder who built up inventory to sell as many shares as have been sold...it wasn't just the convertible shares...someone had a sizeable position to sell down equal to about the convertible, IMO.
Combine the selling pressure and active trading and you get a steady decline in share price...no buyers stepped up just a change of hands from sellers to existing and new longs who buy at the lowest possible price to feel good about new average/position. No catalyst left but once the seller decides to become a buyer, that buying will cause the next wave up (although I doubt anyone will pursue that strategy considering oil prices).
good luck to all
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