The sheer volume indicates, as I mentioned on earlier post, many where on the sidelines waiting for something to happen while the 1.70 range stayed relatively flat. I would guess the offer either partner or buyout was made. Yesterday was too big volume for pump and dump trading.
Just wondering if there will be anymore buy opportunities below this level. 2.50 is next resistance level in coming days/weeks, then who knows where it goes.
I can envision a trading range between $1.94-$2.22 today depending on the tone of the market. Of course, if a partnership is announced...all bets are off...and I'm still thinking partnership vs. buyout.