The sell off from 18 cents to 13 was pretty evident to be from...

The sell off from 18 cents to 13 was pretty evident to be from the technical traders and not one of the significant holders, the volume on the up was much larger than on the down.

Seems pretty clear that there are some large buyers out there happy to buy anything up to 18-19 cents but they played it well when they saw the supply from the day traders start to come in and let it run down nicely so they can pick them up cheaper, but the minute the supply dried up they were back at it getting as much as they could below 18-19.

The strong close today was a good indication that the intra day buyers are holders and not day traders which is good near term sign, wouldn't be surprised if the buyers are the strategic investors looking to get as much as possible at current market prices because their off market negotiations are are at a much higher price, as long as supply stays dry they will run it right up to the price they're happy to pay for their larger stake.

They know more than us, lets see how high that is. If this quarterly shows a positive trend in all the key indicators of business turning a corner then I'd value it anywhere up to 45 cents, so they have a lot of breathing room! But to hit that price we'd need current holders to resist the urge to cash out which I wouldn't hold my breath on!