Just off the top of my head it's likely that what we are seeing is the traders who drove the stock to .87 on intrady highs in the last three days are the same ones running for the exits today. More so when they have entered the stock at levels the same or higher than where it is trading at present
The same guys who drove it high in these last three days were buying in anticipation of with either a greater report and met study or some kind of pop in the markets and it looks like they didn't get it and are out as easliy as they got in.
As I talked about earlier "buy on rumour sell on news" We are witnessing that now and in the last days.
The LT as I write we stand at 664K traded and the dust seems to be settling around here at .60 to .64. Last Trade (LT) .64
| Date |
Open |
High |
Low |
Close |
Volume |
Adj Close* |
| 6-Jan-10 |
0.81 |
0.84 |
0.78 |
0.78 |
173,100 |
0.78 |
| 5-Jan-10 |
0.76 |
0.87 |
0.76 |
0.81 |
256,800 |
0.81 |
| 4-Jan-10 |
0.70 |
0.76 |
0.69 |
0.76 |
279,800 |
0.76 |
|
I am interested to see the next "stages/levels" as the company moves forward with reports in hand. :) Clarus, whats next?
