Interesting thought Michael. There is no doubt that some MM has had his thumb on this issue, and in combination with the large float, has successfully been able to move the price down. The last two weeks activity, specifically volume, could be an indication they are covering a short position, pending news in the next two weeks. My question echoes your own though, with the stock so far down, who would sell? The MM's are getting volume from somewhere, insiders? Not likely, if they have even 10% of what they claim, they wouldn't be selling. So where from then? Something doesn't fit. However, with these Nasdaq issue's, a sudden increase in volume is usually a sign of a trend reversal. Still looking. This either looks like a fraud, or this decades most oversold, underestimated resource deposit.
Hugh |
