2nd highest volume in 2 yearsI just looked at the two year chart on SOMA.V. Today's volume was the second highest over that period of time. Combining it with the OTC ticker US investors use the total number of shares changing hands was 466,000. So what does this mean?
The recent run from 34 cents to 44 cents (+29%) was on relatively thin buy volume. When a stock does a giant run on low volume, it is suceptible to pulling back, often the entire move. Today's volume is exactly what is needed to establish a new base from which later runs higher can be fully sustained. I would like to see more sideways trade for a period of time to flush out low conviction longs, replacing them with those with the bigger picture long term potential here.