I don't have the screens for the levels but looks like 129k unloaded at 7 & 7.5 and the quote holds?Someone soaking up some stock?
More likely an existing bagholder moving shares from one account to another. Buy shares from account #1 into account #2. Shows up as volume which gives outsiders the impression "something positive is happening".
Who needs more than one "bag" to hold their lvwd position? You would need about two years worth of trading to accumulate any sort of position.Look at the masssive 50% jump this morning - at the blistering pace of trade we could see as much as 4,000 shares trade hands today alone. How many stocks go up 50% on $300? The more I see this kind of action the more I wonder what I'm doing in this stock.
I usually have a bid in, but did not today. DARN.
3 trades60,000 .075 was 2nd3275 at .08 was the third
wasn't me - maybe new blood?