Like yesterday's action we need to wait for the close to see what the underlying sentiment is. So far the rally shows a value of less than $40,000.00. almost 1/4 of a million dollars in value flowed out of the stock yesterday. I'm still waiting to read somethingg of fundemental value from either side here. jus a bunch of pennay ante players on the buy side vs an ancient dimwit who lost his a## in the stock from a stupid buy years ago who uses so many ID's even he doesn't know who he is.
approximately half of the trading volume, 2.5 million shares took place on 3 consecutive trading days the balance was spread over the period June 3 through June 28. This would indicate a particulr heavy demand on one side and at the same time an equallling heavy supply of stock for sale. In fact with the benefit of 20/20 hindsight we see a price range one trading day of .56-.64/ .62/.65 the next day and the last high volume day in June .62/.67. This turned out to be the current high trading proce range of the stock and one migh therefore conclude that as well as high volume buying it was equally high volume selling that seems for the immediate time to have been right. What may come later on is sheer speculation on either side of the argument.
Most puzzling to me is the complete absence of any short interest showing up during this volotile trading period. Is it reasonable to assume that the buy and sell volume interests are almost identicle each day.