Trading nicelyJust when the CAJ bears/bashers looked to be making some headway down to 15.5 cents, the SP came roaring back.
At one point in the day there were only 100,000 or so shares on the bid at 15.5. As soon as it started to move up in the slightest bid, massive walls of bids started appearing at each tick higher. There were over a million shares on the bid at 17.5 at yesterday's close.
This suggests to me that there are a lot of people out there who know that this stock has explosive potential and don't want to miss out; however, as soon as things take a slight tick down they get nervous in a hurry. Makes sense to me; anyone who was here for last year's action should know of what's in store here.