We had 10 straight down days and in general, each day had larger than normal volume. This worked nicely to bring the weighted average pps down.
Then today comes along and all looks according to plan until...11:55 central time. Then we had almost 40k (all buys) volume occur and the price jumped to 57 cents. About 7% of the total days volume in less than 5 minutes. We hit the daily high. WOW!
The way to counter that is for the seller to disappear and with him, his volume. Before noon, 376k volume, after noon 194k volume. He quits selling, but the volume dries up and the pps stagnates. But no volume, no harm, no foul.
Lets see what tomorrow brings.
BTW, all the above is just white noise. You shouldn't be in this stock as a trading vehicle. You should be here for either Oral-Lyn or Antigen Express. Both are probably 12-18 months away from bearing fruit.
If you don't have the patience or if you are looking for a trading vehicle, take your GNBT $$ and buy RIMM options. The volitility is amazing.
Thanks again VG. I am in GNBT for the long haul. I just wanted to understand the current stuff that is going on. I want to get more once I think it has bottomed. I am not in bad shape right now. Down, but my average is under a buck... Good luck.