Big buyers are stepping in. In the past month I haven't seen the kind of shares being supplied on the sell side like what is happening today. Big blocks of shares are being taken out at the ask. This is the first real buying I have seen in a while.
Looks like were going to hang out here in the .40 for most of the day now. There's a large 75k block of shares sitting at 9.45. Can't say they won't step up and push through it but might have to pull back some in order to get some more buyers on board to take it out. When you have these early mornings big runs buy side volume usually dries up by lunch time. Should try at hod by theeod.