I don't think it was legit. I think that sell order was an attempt to gap the stock down to acquire lower. What the seller didn't expect is that some of the parcel would get swallowed up and is now waiting patiently at $0.555 to buy them back. I do also agree with you though in that you would think if that buy order at $0.555 was removed it would pip down further and you could buy in at even lower levels. Likely I'm completely wrong but all seems a little strange today after the action yesterday.
AXE Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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