some news would help, maybe about a contract...this stock could continue to drop no matter what the volume...lower lows and lower highs everyday, all support is broken and recent moving day averages haved formed a death cross...I like the company but the stock is another story..i would not buy anymore shares yet..
A press release about a contract might provide a short-term pop on increased interest, but then the volume will fall and the trading programs will again assert their dominance.
Those buying into the news will get discouraged and then sell into the bid, allowing the program to cover at a lower price.
The price goes up and down at the whim of the program. They acquire shares, drive it up a few percent, sell the long position, short more, then drive it down using strategic, 100 share sells into the bid that eventually trigger the execution of stop loss orders that allows them to cover. They then begin acquiring for the next run up.
It doesn't matter to them how low it goes, just that average daily volume continues to remain depressed, and that no real valuation metrics are noticed by the rest of the market.
A series of news releases might cause enough increased interest to prevent this from happening, but as long as DTLK remains in the backwater, news-wise, this will keep happening.
The only kind of news that might cause a sustained rise would be that they're seeing a shortening of the contract-signing cycle that enables them to guide higher, and implies that analysts are underestimating Q4.
But I don't think that's likely to happen.
That's why I think a dividend might be in order, because it provides another valuation metric, and would cause the stock to be looked at by those who are looking for dividend yield above all else.
BTW, I'm seeing similar things with other smaller-cap stocks, like pathetic daily volumes, rapid sells into the bid on any downdraft in the market and little to no buying at the ask when the market rises.