With this kind of vol. they won't be able to hold the price down much longer
Lots of sellers today. It is easy to imagine that this will be the case in December as some folks lock in their gains. But it would be nice to move up from this level and be north of $4 for the first time in forever!
Not sure why one would lock in gains now unless they feel the price is peaking. Why pay capital gains tax in 2014 when that can be deferred until 2015 by waiting for 2014 to sell.
That all being said, barely moving on a day where there was volume on the sell side bodes well. Short trading day on Friday might see $4.