Thanks MMN. I had a feeling that this was the case. Did not expect the price to dip below 30 which it has done. What really concerns me is the lack of interest in the company on the buy side. What I see in the level 2 on a daily basis is the number of buys really drying up. The sp support in the 20 to 25 range is getting very weak with few new buyers coming in. On the sell side there has been a large seller of 160000 shares sitting at or 1 cent above the ask. This puts real downward pressure on the sp and every day has been forcing it lower. That being said the market has not been very friendly either. We will need a turnaround soon. I believe there may be some PP at 45 cents as well so we should be aware of this if the sp moves forward and upward in the coming weeks.
Realtime