the stock moving up in the face of bad news on such light volume! tells me something is up. Besides doesnt anyone see all the shorting that is going on? i personally know of a hedgefund who has been shorting up here, and most importantly cant you see that the sizes of the buys and sells are so small. THe largest trade is 100 thousand shares, that is peanuts. THe big players are waiting and watching for the drop.
You are not going to see a surge in volume until it breaks either up or down we have been in consaladation for the past month. The big boys want join until the 5.45-5.50 area is broken on a closing basis or until we have successful penetration through the 50 day sma which is currently around the 6.10-6.15 mark.
Rock, No worries every one knows it going to drop. The Question is will it drop 3 or 4 dollars by June. My bet is it will be a 1.50 stock by june. Why? well mrkt cap is 7Billion No P/E, EPS is a bubble, Price to sales is a joke Hype still built in the stock.