Mass distribution is a bit of a gross exaggeration.. That would indicate very obvious outflows yet there was strong demand pushing up the stock even into the close yesterday. I've highlighted the zones you're likely referring to yesterday on a 5-min chart with candles shown relative to VOL.
I was watching the action very closely and can say there was definitely some profit taking (fairly reasonable given the SP action) along with strong buying taking place (big bids being placed/large offers being wiped/etc).. Of course for every seller there's a buyer and for every buyer there is a seller.
Given the stock closed near the upper quartile of the daily candle and on huge volume I think it's fair to say the bulk of the volume was accumulation and not 'mass distribution' as you so put it.
PTR Price at posting:
34.0¢ Sentiment: None Disclosure: Held
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