RE: What is driving the volume?From the 4.9m shares traded 1m were attributed to a Haywood cross. The spike in volume is IMo clearly related to the huge increase of shares shorted. As of 15/1/2007 almost 1.9m shares were short in FSY (100% increase since beginning of year). Those short seller probably led by Tardif and Sprott intented to take advantage from the current share placement. But unfortunately for them some real big boys entered the scene (this information is taken from a German share magazine that has covered Forsys since mid 2006 and that has close information channels with Forsys and particularly Duane Parham). The placement triggered some additional buying from funds that are restricted to minimum market caps or other comparable criteria. Their buying probably triggered some margin calls and we got the spike. With only 4-5 weeks to go till the resource update by Snowden one must be crazy to short a stock like Forsys but as you can see it has happened.
Art