$2.40I didnt have to wait for the last trade today to see that $2.40 would be where we close. The volume has been down lately, but it is clear that for whatever reason someone wants to hold this thing at that price range, as evident from the way it has been boxed in all week. I notice a couple big bids everyday around $2.30 and a few big blocks on the offer at $2.50 or so, and that is enough to contain this while small time players take profits, right into the range that someone else seems to want to buy at. I would be interested to hear if any one house is on the buy for a large chunk of that volume, or if the trades are going through anonomous, for anyone that has access to that info. Anyway, I think this stock is an easy double very shortly, and this kind of thing can only go on while the volume is low. A sideways correction to work off the overbought condition is not terrible either.
cheers!
COACH247