Definitely some buying going on into the CC today!
At sub .12 a buyer now could double on any positive news
True, but could still get cut in half on negative news (dilution, request to issue more shares).
From owning, following and closely watching the way LQMT trades, today's buying action is "normal" for LQMT going into events.
The day of the recent Apple non-announcement on September 12th there was buying right up until 1pm EDT when the Apple meeting kicked off.
Those are smart TRADERS playing a strategic angle, those TRADERS are also the ones that will be at the door first in the morning to get back out if no news is announced.
Today's buying is nothing more than playing the odds, any increase in price from today's trading will be more than sold off by 9:45 tomorrow morning if no news is released.
Days like today when people are buying are good days to reduce a position as well if the trader is thinking about doing so any way.
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