There were 27 trades in the last hour of the day and only 5 are not CIBC dumping to the bid. They basically sold all day as well. On Friday it was CIBC who showed us the lows of the day ( why only then do they sell?).

Anyhow, I think we have the short term "kiss of death" here as ISM has in effect said there basically is nothing to talk about or announce until mid-December when they issued that last release updating shareholders on the Micon status. Of course there will also be the more astute traders who recognize this as well as a breather and dump their stock to pick it up cheaper later, heck we were given a month to do so weren't we?

As Farnum mentioned the bids and asks are a little stinky for almost two weeks there was about 80K on the sell at .80, That would force anyone who really wants to sell under them and sure as heck here we are sitting at .68 cents today. Todays action enough to trigger my TD generated "ISM trading @ 10% less then the last close" alerts.

If we are to see an accumulator lying in wait, I sure have not seen it. Whether one can interpret this as informed selling is another guess.

Anyhow check out the last hour today.