Stocks at this price level move in .05 c increments so that a slight move up can mean traders can snap up a handy 5% in a day. It would be in their interests to have the stock swinging up and down like this. If it drops under 10c then the increments change to .001 c and the rise and fall will not be so dramatic. Lets hope it doesn't go under 10 c but with a good potential upside it makes the stock a relatively safe one to be trading on. Therefore expect the pattern to continue until we get some real news or some rumors.
Probably a few traders selling parcels of shares to each other IMO.
the 10.5 to 11 straight jacket, page-3
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