I'm not following the news today so don't know what / why SLW is moving the way it is. Just took a peak at daily price volume action on Yahoo minute chart & saw some interesting developments.
-- The day opened with the usual torture & beating, Opening drop on volume.
-- We hit some kind of bottom around 10:15 followed by a low-volume rally starting at 10:30
-- The weak rally faded by 11:30 as there was no volume to support it. SLW drifted back to 22-20.20 area.
-- At 1:30 we see sudden buying on volume, what a concept! I counted two big spikes +50K shrs.
-- Right now (2:00) we're at 3.5M shrs so far today.
-- In less time than it took for me to write this it appears we've hit break even & now going back in the red.
-- @ 2:00, looks like we're trying to claw are way back to green again!
What interests me is the sudden is that move from $22.20 to $22.70 that started @ 1:30 & the fact SLW still seems to be hanging around that area. Of course by the time anyone reads this, who knows where it will go?