Well, The price action is terrible... The stock now broke 0.32 and will be in a lot of trouble if we break 0.31.
At these dismal levels:
58% of the trades today are Sells
Only 36% Buys.
The only silver lining is that it is on very low volume.
Let me break it down for you...
Everyone know ever Seller has a Buyer and vice-versa. The real question is the the price!!!
Did the seller sell it at a Bid or Ask? or Vice-versa?
If the Seller sold at Bid or Buyer bought at Bid then it is rated as a sell... and vice-versa!
misleading title, no? Id call thisw very light selling on stock you idiots follow by the cent everyday, not seeing the obvious manipulation and the fact that it runs based on nontech and nonfundamental machination.
Point taken... In terms of title! I've been following the % buys/sells and today the number is fairly high. I've seen this stock being manipulated for a long time now... The problem is what is the catalyst that will reverse the downtrend? RS from these levels would be disastrous! Anyways, we will know what the shorts (Not NS) did from May-17th thru May-30th soon. Did they cover? Did they add more? It will be nice if they added ;)