It's not the buyers that I find interesting, it's the sellers.
I have been watching the sell side for several months now and no matter how many shares trades hands in a day - 200,000 -> a million, there has been, with remarkable consistency, between 2.9 - 3.1 million units (shares) for sale. Like it never varies. Except tonight - 2.6 million.
I have no idea what to make of this but suspect that until this sell side starts to vary the selling will continue to push the price down. I have my finger on the buy button but will be holding off until I see a change here.
Do I think the SP is being manipulated? No, probably someone or something (entity) wants out and selling in a controlled fashion.
My thoughts only.
HWK Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held