The high volume wave of selling recently seems to be over, culminating months of distribution by (IMHO) the very people we were ironically so happy to see have TDC in their portfolio. There are two sides to every trade, and the selling is destructive and unsettling for a low cap junior.

Now over the last few days the volume has eased, and the ask has dominated the bid price (I think today is a digestive pause). Normally lower volume advances signify danger ahead, but in this case I think it's simply that the institutional selling is done, at least for now. Never think of an institutional money manager as your friend, no matter how charming they seem on podcasts.

Strike