Big sellers are being taken out of their positions in a very sizable and orderly fashion . Huge blocks are being taken down as the price continues to increase. As i mentioned in my post yesterday, the volume on Tuesday and Wednesday was mostly large blocks.This continued yesterday in a BIG way, with 19 trades over 100,000 shares taken place accounting for two thirds of the almost 5 million shares traded. Already today a block of 1.2 Million shares traded at 99 cents,and a block of 950,000 shares traded at $1.02.
This is obviously not retail but strong institutional buying.
14 MILLION shares traded in the last 4 days(including today, so far)
I would expect to see a new filing soon, probably by Soros once again increasing his position!!
Smart money knows real value when they see it.
I am sure that all of you, like me, are starting to sleep a little better lately!!