Volume picking up - bottom near?As I said, the bottom will be marked by big volume as the smart money comes in to take out the remaining weak hands. Don't know if this is it yet, but the first signs are starting to show up.
Re: 144 paper, clearly some of the restricted stock issued at $1.00 has been selling to ensure a profit on the transaction, not caring if they sell at $1.01 so long as they are up on the deal. Pretty short-sighted considering nothing tragic has happpened at the company, and what does need mending is being fixed as we speak.
Plus, with strong silver, lead, and zinc prices, the stock has dropped 60% in two months. To me, laughable that anyone would be selling big chunks here. And, for those that bought into the restricted 144 market and obviously know the risks, it is even more comical given that they are still in the money and the company's assets/prospects are DRAMATICALLY better then when the 144 stock was issued.
yoyo