Over on another thread ACL, icedog suggested this is done by some "advertising" at prices beyond the scope of my etrade screen. That is, a seller "advertises" the volume available at some silly high price, say $1 with 1m on the offer, or a buyer does the same but maybe at 2c. Then the pair of them test the market to find a price point with much smaller sums. Once it is evident the transactions take place quite quickly, though dead days mid transaction are typical to try to flush out others that may settle at that price. I don't have any evidence this is the case, but icedog has been uncannily on the money many times.
Either way, the volumes at this price are encouraging, and this dead day did not flush out any significant desperate sellers.
PGC Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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