Northern or whoever could be done dumpingWhich ever funds needs the cash for their problematic ABCP problem be it Northern or who-ever could have taken out the 100k orders @ 50 cents plus all the other 150K or more bids down to 45 cents but it didn't happen. The buyers also have been hitting the ask which is not the normal trading pattern for BTC. I do believe we might have turned the corner here. My guess is that they are done dumping with todays action but they could still be sitting in the weeds. The only way to know for sure is that if we get a good news release and the share go north big time. If they are done then there is no reason why we couldn't see a major pop in price like we've never seen before but that is JMHO.
If Newfie is correct that there will be news this week then we'll know for sure by Friday if anonymous which I'm guess is northern is done the big dump. I guess you can say that they are about to get off the crapper. Depending on how the ABCP restructuring goes this month they could be in the crapper.
MM