I can't recall seeing the market depth supply and demand looking as bad as this for a LONG time.
As I type this, there are only about 7 million on the buy side, and over 28 million on the sell side. A ratio of 4:1
That is some serious supply, and relentless selling pressure.
Where the heck are all these shares coming from on the sell side, and who is doing all the selling and shorting? There have been no announcements of changes to substantial holdings.
It is getting ridiculous, especially since the institutions bought all those shares at 75c not that long ago....
LYC Price at posting:
60.5¢ Sentiment: LT Buy Disclosure: Held
