MM or traders sending signalsI noticed numerous times yesterday around $0.54 to $0.535 an ask volume of 72. Every time I saw that ask size it was followed by the price moving down. Saw the same thing today with about 15 minutes left when we were looking like $0.52 would be the close. Immediately after we had the move down to $0.50 and we would have closed there if not for my order 5 seconds before the close when I hit the ask at $0.504 for 20,000 shares
Now that the 72 ask volume is exposed, we might not see this again if I'm right. It was strange though and I really think it was a signal. Anyway, happy to have picked up 66,700 shares today at less than $0.51 on average. My average overall for the well over 300k shares I currently hold is $0.48. A bargain for shares that are conservatively worth more than twice that at today's metal prices. Hard to find bargains in the gold miners these days. I may buy more.