paschal, page-2

Its either the Storm, with sub 2.8c off screen buying in the wings (he will use a different nic once his order is filled and the price is on the way up) or the options exercisers selling some off to cool down the price in anticipation of an announcement.

I favour the first explanation because their was a lot of phantom bids and offers before the open and that's a sign of an incompetent trader who has to try and intimidate smaller holders rather than a professional who would put their bids in at the natural pressure points and wait.

In the ordinary course of events I would say its heading to that gap talked about in the other thread, but given that it seems fairly obvious the trading making the phantom bids watches the chat here, it would be difficult to predict where it will bottom, but above 2.1c imo as Ascent parties would probably pick up the slack at this point.