Yes it was another huge day again today. Big start this morning, forget exactly but about 30M traded in the first hour.
After lunch there were a couple of interesting moves. A 4M (buying) wipe of the 10.5 about an hour before close.
A little while later there was a 3M (seller) wipe of the 10.5 and a short time later there was a 1.5M (buyer)wipe of the 10.5 which left a 3.4M order at the top of the 10.5 orders.Following this was a fiar bit of hitting on the 11cent sellers.
Some 2.3M of these were still at the top of the 10.5 orders at the end of the day auction. A big pile up of sell orders at the end of day eliminated all the 10.5 buys with some sellers left over.
Amazing day. 69M turnover is the biggest so far.
Still have no idea which way we are headed, but I don't think this churn an continue for too long, must break up or down soon.
A great day considering the dreadful CR.
So much activity, I hope the company is still advancing the EPT and the seismic. Certainly enough money to push things along rapidly.
Saltbus
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