gulley, NVTL closed today at its 52 week high so IMO the volume is a sign of strength, not concern. It's natural to be nervous when the PPS has come so far so fast. While I continue to hold half of my trading shares and my entire core, who could argue if one were to sell some after this run? It is a personal choice. The fact is I'm becoming more confident over NVTL's longer term prospects. The MiFi and M2M markets show great growth potential as discussed over at the NVTL and SWIR boards. FYI, I've taken a small entry position in SWIR, a competitor that commandor mentioned a while back. It is a pure play in the M2M space and is reasonably priced.
Catalysts for NVTL may be end of month fund buying, the upcoming Russell reconstitution in the middle of June and the end of quarter fund buying the last week of June . Funds will want winners in their portfolio at the end of quarter to show their investors. Conversely they will also want losers out of their portfolio...Good Luck