Low volume while ORB decides whether to attack the high again, or not. I'm thinking its just a consolidation after the huge runup this year. Not sure what the next catalyst will be. Could be a buying opp?
Smart buy. I noticed a 100K dump earlier this week dropped the price $1 and then mid-afternoon today, buess what, A 100K buy pushed the price back up again. Some smart hedge fund just made $100K in 2 days. Was it you? ;)
It looks to be like we're slowly working off people who bought around this level at the end of 2008 the first time we dropped as low as 15 and rose back up to 19. Most people that go through that and then watch things get as bad as 12 become "long-term investors" and cash-in as soon as the stock returns to their purchase price.
The very low, and declining, volume over the last few weeks might seem bearish, but I sort of like the lack of excitement. We could really use a breather to build a firm new base here just below 20 - in hopes that we'll go for 23 by the end of the year.