Just came here after the volume spike captured by my screener.
It looks to me the interests of the sellers are moving from 4c to 3c rather than completely moving away from the company.
This morning's trade (and possibly yesterday's), seems to check all the boxes for a "bear raid" type of strategy.
Here is the snapshot of the pre-market depth this morning:
So the interests at 3c right now seems to be pretty much the interest at 3c this morning plus the volume sold at 4c.
Volume sold as at 11:00am = 23.6M
Interest at 3c premarket today = 72.1M
Interest at 3c today at 11am = 100M
Same story yesterday. At the end of the day, they bought back sort of the same volume they sold in the morning:
Do not take this as a true fact, this is just a hypothesis over my observations of the volume trading over the past 2 days.
Just came here to watch.
GLTAH
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