According to the stats at I-Hub, the last 7 seconds of trading shows there were 17k shares bought versus 5k sold. That is a good sign. I'm always looking for signs of strength going into the close. Tomorrow could be a break out day. We'll see. GLTA.
PS....for those who are interested in knowing the results of today's action, here is a break down of the trades.(courtesy of I-Hub)
Shares bought =778,040
Shares sold = 777,226
Shares that are classified as ? = 102,809
Man, its hard to say. Buyers or shorts covering, take your pick. We had 3 days since the sub 1 drop making higher highs and lows, never revisiting prior lows. First time in 8 weeks we had 3 green days in a row. A 20% net gain off the bottom. As for buying, I thought it was a decent long term bet at 1.50. $1 is real tasty. Food for thought... we 've had 12.2 mil volume since the sub 1 day. I believe a significant portion of that is short covering. Otherwise, its been all buyers/sellers down here. I think it more likely the buyers and shorts been splitting up the buy action. The remaining shorts have to be betting all their chips on really bad news Q2, further dilution or BK. BK is not in the cards at this point. Too much traditional upside in Q3-4 to play out first.
...initially I would agree, but something I saw recently with SNV made me think...for several days, the stock traded up and down just a few pennies with increasing higher volume, particularly at the end of the day...no huge lots, just 100 x 100...then the stock jumped big...some of the analysis there was a couple of market makers, for reasons unknown, exchanging positions and holdings, and then once done, allowing the retail et al buyers take the stock up on news...
...somewhat similar pattern here...I just dunno...GL