Today a total of 7,901,152 shares were sold and brought and only approx 2mil shares 1/4 of the total volume were sold at the closing, at the lowest price of the day.
during the last few days some line wipes on the bid side has been the play but with no follow through from nervous holders.
My guess and observation from the trading that has gone on is everybody is set and happy to hold for the next leg up.
From the base we are trading at history lows and knowing that positive announcements are imminent holders are not giving their shares away at these prices.
Say if the 10cent bid was wiped and went lower, I don't see big volume or large depreciations in share price happening, bit of a non event for an short period.
Leedavi - where did you draw the conclusion that a close on a low is bullish?
My disclosure:position held, should indicate that I'm Bullish and have no intentions of just gaining a few cents here and there out of the current share-price.
When the share-price hits your target you to will be silently bullish and then once you have sold we will be back to where we are different sides of the fence.
Regards,
Leedavi
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