I got in here last week at 5.00. What is your take on the decrease in stock price recently after go over 6.00 last week. I am in for the long haul but just interested in the price action from someone that has been in the stock for while. thanks much!
I think the stock is forming a handle on a cup pattern. There is also a large 43.50% short position, probably due to the low float. Institutions own 40.60% and insiders own 45.41 of the shares outstanding. The stock is not out performing the markets, it is following the general consolidation. Overall, I think the market maker would get more volume if he turned the stock up, but they won't do that until the selling pressure is off. Today looks like the volume is drying up, so we may see a change in direction tomorrow.