Why I'm convinced computers are buying...It's all a big game of algorithms. When people lately have been hitting the ask, the ask at multiple price points has been thinning out. I'm guess its because the computer programs are seeing more risk leaving asks up there to make it appear there is selling pressure. But as the ask continues to get hit, it must be programmed to take the risk of giving up their shares off the table. Yesterday for example, you saw some strong buying by Anonymous (usually this is hedge funds masking their identity or big corps trying to accumulate shares quietly before takeovers). This buying was done in violent force (well over 100k shares bought at once very fast so the computers couldn't pull the shares off the ask).
It seems the ask is there, but not really there sometimes, because when people actaully start buying it thins out and seems to collapse to much less shares. Now this isn't always the case, but it has been happening more often lately. Makes me think a buyer or buyers are hoping to keep this stock at bay while they slowly accumulate. I've seen it before enough times to recognize it, and I'm sure to see it again.
Good luck to all,
x