Hi Barbara,
Normally when volume has slowed it do to lack of interest, ( this applies to any stock). Reading some of the forward comments, a few believe it may be some holders holding a short position. There is a web site that will give you the "short interest" of a co., I'm at work and I do not have it bookmarked here. However, when I glanced at it last week it was minimal. Also market makers have little interest in shorting stock that has little volume, they do not want to be stuck holding, during a possible runup, (short squeeze).
For once I got lucky and placed 90% of my holdings into bonds, about a week ago. If only I did the other 10%.
Just keep a tight "stop-loss", on these penny's, otherwise you may get burned, like I have many times.
Goodluck,
Gary |
