Technically speaking -- We have and "outside day" today ........
that is a lower low and higher high than the day before, we are heading much higher in this security with the help of a huge short position and also speculation on a take out after the private firm Remaki was taken by Cisco for 1.2 Billion this past weekend.
We are just starting see how volatile this stock can be, a range of 11 to 12.30 in a hour and a half on low volume. The shorts have to cover sometime, it may not be until we start trading toward the 15 dollar range or higher depending one when the shorts opened there positions. GLTA longs
The low volume is a head scratcher, the company wants to buy back what it can, but doesn't want to inflate the price. Very little selling or buying into a swing either way. Almost like all this stock is now held by relatively few people. Right now that's OK with me.