Moez, I believe that MOST of the volatility in this stock comes from "day-traders" and "MM shakeouts."
When you look at BUYS vs SELLS, I think you will see that the VAST MAJORITY of the 31 million shares that traded the last 2 days were BUYS. I have seen only a small percentage of Sells. So we probably have a pretty good base at this price range.
When day-traders bail (and they do that very quickly and in BUNCHES), the MMs drop the price just as quickly. We saw that at the very end of Tuesday, again for a short time yesterday morning.
But this morning, I think we saw a little MM shakeout of a few nervous shareholders. The price ran down quickly and then rebounded.
Right now, it's back to .0331 x .034 with 2,554,800 shares traded.
Overall, I think people that are in now at this 3 cent range can make some real good money on this stock if CVIA gets a merger done.
As I have said before, it really doesn't take much to make a company worth MORE than 3 cents. How much more? That would probably be determined by how BIG the merger would be. I say, the BIGGER, the BETTER!
Best wishes,
Brad |
