Yesterday had the most trading volume in 12 months
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Yesterday had the most trading volume in 12 months with 8 million shares traded. I am guessing that the typical trader will see yesterday as profit taking given the vertical ramp to 4 cents in a short amount of time. Most of that selling came around the lunch hour with about 3.5 million mostly hitting the bid to force the stock down. I'm guessing that some natural profit taking occurred but then the bears jumped on board to really slam the price.
Notice how the daily chart 20 day moving average held as support. The trend is still is still in tact. We will probably see some more shake and bake going into the holiday week next week, but this is ebb and flow is part of what is needed to get more investors on board.
It's only Wednesday and I'm still watching for the 4 cent Friday, and then the 7 cent July.
[IMG]http://i.imgur.com/hI2l2QS.png[/IMG]
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