Well there is huge volume of accumulation going on as well as selling (seller obviously being holder of escrowed shares), it was actually really interesting for me to watch the order book on Friday, you could see the bidder placing his orders in at .44, and then it getting filled, then he would move his order to .435 and the seller wouldnt go down there.
So it seems for the time being whoever needs to dump is not prepared to go lower, the buyer was even pulling his order at 43.5 and only leaving like 10000 there and the seller still wouldnt even sell 1 lot into it, which I thought if I was the seller I would do just to trigger some stops (as it would be new low) and get filled on them.
Very interesting to watch, being long term though I am feeling confident at these prices, as you have a buyer whos bought up millions of dollars worth of stock, and usually big players like that (most likely fund) they normally would not be putting that much in at a certain price without some information and deep analysis. And if someone is willing to risk millions on it, Im happy to be there with them, just another bit of information to add to the positive column ontop of all positive news of the sector in general.
The next thing to watch for is when the volume drops off, indicating that the seller has stopped dumping, whererver this happens will be intersting because who knows if this buyer will start lifting the bid, even if they dont we went up 30 cents before off not even the volume of one of the days this week. Its pretty significant spot, and for long term holders, got a feeling will be looking back at this price in a year kicking outselves why we didnt get more alongside this buyer, but anything can happen in the mean time, buyer might get his fill and dumping continue, GLTAH!
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