That all bids going down almost to the 19k at 1.21 cleared out after hours.. I agree with bobert looks like short coverings and margin calls. level 2 shows bids at 1.21 ( 19k) and 1.20 ( 30k) not much after that as far as downward pressure.
These are the numbers following the last low at 1.27
| Date |
Open |
High |
Low |
Close |
Volume |
Adj Close* |
| 18-Nov-08 |
1.53 |
1.62 |
1.33 |
1.46 |
1,545,000 |
1.46 |
| 17-Nov-08 |
1.64 |
1.70 |
1.50 |
1.51 |
1,178,300 |
1.51 |
| 14-Nov-08 |
1.74 |
1.80 |
1.64 |
1.67 |
803,000 |
1.67 |
| 13-Nov-08 |
1.63 |
1.74 |
1.59 |
1.74 |
934,900 |
1.74 |
| 12-Nov-08 |
1.65 |
1.68 |
1.58 |
1.60 |
780,100 |
1.60 |
| 11-Nov-08 |
1.83 |
1.84 |
1.66 |
1.70 |
762,100 |
1.70 |
| 10-Nov-08 |
1.99 |
1.99 |
1.80 |
1.84 |
730,200 |
1.84 |
| 7-Nov-08 |
1.86 |
1.92 |
1.82 |
1.86 |
1,129,000 |
1.86 |
| 6-Nov-08 |
1.82 |
1.88 |
1.75 |
1.82 |
900,500 |
1.82 |
| 5-Nov-08 |
1.98 |
2.01 |
1.86 |
1.86 |
1,187,700 |
1.86 |
| 4-Nov-08 |
1.93 |
2.03 |
1.86 |
2.02 |
2,402,100 |
2.02 |
| 3-Nov-08 |
1.84 |
1.88 |
1.75 |
1.83 |
865,600 |
1.83 |
| 31-Oct-08 |
1.68 |
1.90 |
1.56 |
1.85 |
1,765,400 |
1.85 |
| 30-Oct-08 |
1.78 |
1.78 |
1.58 |
1.69 |
1,598,900 |
1.69 |
| 29-Oct-08 |
1.41 |
1.65 |
1.41 |
1.63 |
3,345,600 |
1.63 |
| 28-Oct-08 |
1.43 |
1.48 |
1.28 |
1.37 |
2,307,200 |
1.37 |
| 27-Oct-08 |
1.50 |
1.50 |
1.27 |
1.27 |
2,617,200 |
1.27 |
Hopefully history will repeat itself as this round clears and there's more money bringing the SP UP instead of down.
