I think you can make a case for just about any scenario...and it could be a combination of more than one.
I think the steady volume at .33 with virtually zero price movement was accumulation by a single entity that just sat on the bid and took all comers at that price. He has apparently backed down for now.
When we see volume of over a million shares on a increasing basis with follow through and price appreciation we will know buyers are in town.
But it is an enlightening discussion !
