Low volume is one indication that there aren't many buyers or sellers interested in TranSwitch, but there are others. Look at the spread yesterday from a high of $0.999 to the closing low of $0.87 and that on a day when they announced product sales to Acto. Percentage wise, the bid and ask spreads also tend to be large, often 4-5%. I am sounding like a broken record, but until we hear something concrete in terms of revenues or important contracts, the stock will just be played by those who can and with relatively small amounts of money.
Looks like it's back to the same old trading pattern so if you can't beat them, join them. I'm getting ready to buy back some shares I sold in the mid 90's. And at the rate it's going I might get to buy back in the 70's as well.
I am trying to buy some more today, as I am feeling that I have been a bad boy and I deserve to be punished further and the machine is in control. I have played its game before, however, where it walks the price up and makes you chase it. I did get a fill on 700 shares and I am just leaving the rest of the order at the same bid price.