"So something like 2.3 million shares traded with the news and it rose about 6 cents. It puzzles me why anyone would sell here. There has to be a reason but it escapes me. They were willing sellers in a free market so nobody stole them."
You have to remember that there have been about 6 mill shares bought in the last 2 weeks at sub .60 level. There are a lot of those buyers that sold yesterday and realized a 20% gain. Not bad for 2 weeks. The good thing is that by the end of the day they were mostly done. Maybe a bit more selling on thurs, but by the first of next week, we should start to see a slow rise, assisted by the odd news release.
Regards
K