stoss, it seems that for the past few weeks there was good offscreen buying at anything below or at $2.40, good sized bites between 20K and 50K.
Looking at yesterday's action maybe they have lifted their mark to $2.44.
Now said to be 5 or 6 institutions involved, they would have to have close to 20% of the stock now.
Tend to agree with eyeinthesky that there just maybe some capping, always hard to tell. If they are capping bids they may cop it in a very uncomfortable place very shortly.
Should they be non genuine bids it will be interesting to see if they are fast enough to cancel their bids before being hit.
For genuine large buyers that 70K at $2.45 this morning must be tempting.
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