Technically Speaking, This Looks Like We're Approaching the End of a Puke-Out
The person who bought the 4.3 million share block at the end of June has marked up most of his shares. In the last few days, the stock is selling a penny or two below his cost, suggesting that he wants to get rid of the final tranche. I'm a card counter and this one is difficult to do (based on cumulative trading volume). No one wants to show it on their books through the end of the Q and possibly the end of the year. Once the block has exhausted itself, the stock is due for at least a modest pop.