The last time this happened is when the stock had 200,000 to buy at 7.5c and not much under that. Someone sold all 200,000 and then some sold at 6.5 and there was a single buyer left at 5c for 50,000 shares. Lots of sellers. Then within a few days it jumped to 10.5c !
So maybe the same will happen here. Someone pulled their 300,000 order this morning and it looks a lot weaker, maybe someone who wants to acquire more had that order there and pulled it and put the sell order at 13 to scare some holders into selling. Your thoughts on this strategy guys?
Jim plays the long game, page-20
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