I like the fact that it traded 56M today. The previous high was 46M when it closed at 11c. Previous to this the hign volume days have been around 30M.
The stock has come of nice support at low 7's and looking at the volumes it has traded since last below 8.5c I would say anyone taking profits is out plus more.
That leaves those that are cutting their losses and although I am sure their is many of those, the amount of selling pressure today was huge. The sotck still managed to close strong, setting it up I believe, for a strong couple of days. I am not sure if it will hit 10c before the week is out, but it is going to go mighty near.
The size of some of the buy orders today, leads me to hope we may have some long term holders jumping on. Although there was a few large sell orders most of the sell orders were quite small.
Good luck to all, but I believe 2morrow will be another great day for SIE. Bring on Wednesday.
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I like the fact that it traded 56M today. The previous high was...
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