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Chabojilo

08/29/12 12:01 PM

#3173 RE: biomanbaba #3167

Probably a 'stop loss' raid there, going back to the 4.50 range where you have a lot of newcomers who set tight stop losses. Check volume before and after spike down. A lot of volume loaded up after the drop.
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tigerpac

08/29/12 1:14 PM

#3187 RE: biomanbaba #3167

IMO, far more volume on the way down than on the way up this morning.

MM brought the shares up from 4.50 on 100, 200, and 500 share lots while the drop occurred on 10K+ share lots. Just because the overall drop today is less than 10 cents, I think it's misleading because there is still way more selling volume than buying volume.

We will have to wait and see what the afternoon brings.