Where will we finish trading today? It would be nice to see a 2.30 close.
It has been very interesting watching our trading activity this past week. I feel we are very tightly held by long investors and these other folks (who ever they are) that are in the weeds manipulating our sp are still there. They have been a little quieter this week until our sp started to climb to 2.30.
Any time we recieve any forward progress in sp value they surface. If it was just regular day traders or individual investors wanting to divest their position there would be more volume today. There has been a large bid for 132,000 shares for over a day now @ $2.20. This has not been touched. So you could take a large divestment amount and this is not happening. So this would be close to $300,000 and you would lose $6,500 by selling at the 2.20 vs 2.25. There is a big chest match going on behind the scenes (IMO)
This tells me that there is a motivation to hold this price where it is at and I am not not sure why? Whatever the reason our sp has been very resilant at this level. I am expecting some big things from our company over the next few weeks. Enjoy your weekend!
Go Long......