Both yesterday and tuday volume is very thin as the price is being driven down. Is this due to a lack of interest or some institutions are looking to get in at a lower price? I am thinking institutions as I do not think individual / retail investors are able to buy too many shares of o $100 stock.
...I was not talking about myself. Sorry for not making it clear. BTW I don't mean to offend anyone here, just voicing an opinion. I am watching this stock, made some money in it on the previous run-up.. waiting for the next chance.
..into buying up the shares of those tired of holding the bag...
There is a LOT of overhead volume! By making small purchases at the ask they run up the price making it look like there is something about to happen... then, they unload their shares on the unwashed.
This is the news that pushed this stock up today?
"Allstate Insurance Company to Offer Free Educational Guide in Spanish to Latinas Affected by Breast Cancer"
What am I missing...?
down volume is low, people are expecting earth shattering news from this weekend meetings... even with that not much is going to happen until next year...
I don't listen to noise on the boards, I look at my charts. If we can close at or preferably above 2.75 then the next resistance is at around 3.10 - 3.11 and above that we are looking at 3.45-ish as the next resistance.
Got in on Friday at 2.43 w/7k shares took quick profit this morning just as the stock ran into major resistance @2.55... I agree with you, this thing will pull back before it goes up... and when time comes I'll be back in again! There must be some very good things in the pipe-line...