Why? Well the majority of the day's volume occurred right after market open - we traded 1.9 million shares in no time. Since then volume has dried up, there are less sellers in the market.
So why are we trading at day's lows?! It's because there are simply no buyers right now. Longs (and longs from this msg board) are just sitting on their hands hoping shares will go up.
A little bit of buying pressure will make a nice move up today from here, and shorts will begin to cover.
I hope you're right. I see the price still dropping and it might drop more next wave in another hour.
Whatever volume you are looking at is wrong, Its traded 500k in the last 30 minutes or so, I saw 100k go by in 2 minutes about 10 mins ago. Someone is buying out there. I bought at 22.9 I am sitting on my hands, for now.