little resistance on heavy volume~!nice to see the newfound interest in ICO after what has been a few months of heavy selling..
it is evident a lot of the selling in the low 30s/high 20s was a result of the financing; institutions and investors buying huge positions in the placement and selling their shares as close to breakeven @$.35 or below so as to take cash off the table and hold on to their full warrants at $0.40cents for essentially nothing....
It seems like most of this bargain basement selling has worked its way through and I suspect there should be little resistance in the $0.40s.... those who hold huge positions of the warrants are likely going to let them ride as most that took part in the financing seem to have already sold their common shares and obviously took part in the first place so as to be positioned prior to results being released..
should be a wild ride over the next few months as resistance eases up and investors look to pile in to establish a position in anticipation of results.. buckle up!