Check out the action. Sellers have vanished and buyers are beginning to surface causing proces to slowly rise. Today's action looks very much like shares are getting ready for a major run or an EXPLOSION. News of major proportions is imminent and by the looks of trading activity it appears to be close.
I tend to agree. I believe that most of the long term players (excluding the day traders) are looking for a significantly higher share price (whether right or wrong) and not willing to sell at these levels. Thus, the key question is whether new buyers can be found. Rumors and hints of big news coming will bring in some, but the news itself will either bring massive buying and huge gains, or an absolutely incredible dump of stock. Either way, the move be will very large.
I think that most of the shareholders in AMPE are of a gambling nature, and not looking for, or satisfied with, a 25% or 50% share price increase (or even the 100% increase over the last year), and thus will hold out for the news. This puts any significant investor looking to acquire 100,000 (or 300,000) shares in tough position, and will force a large upside swing. I just have not seen very many 20,000 or 40,000 share orders of late. A few days of 300,000+ share volume would most likely spell an additional dollar or two in share price.
Agreed. Ampion trial result news will move the stock up or down in a big way. My understanding is that the results won't be released until sometime in August. If results are good, the stock will take off to the moon, as the float and liquidity are so thin.