"Looking at todays buying, it was very strong early and it took far more shares trded to take us up to 5.2 than it did to bring us back down. Maybe this buyer will return for another meal?"
Alot of the early buying was mine, but others joined in to push the price higher. You need to consider that before the buying started, there was around 2 mil shares sitting in the market, for sale in the 4.9 to 5.1 price range. Those sellers are gone now, and we wont quickly get the same volume in this price range. Where the price goes now is anyone's guess. There will be steady trickle of sellers putting their shares up for sale. If there are more buyers, the price will go up. If there are less buyers, the price will go down. I'm not concerned about the short term direction. What will drive the price in the long term is the actual business fundamentals. If the company delivers on what it promised in the presentation, ie higher revenue and new contracts, then the price will rise.
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