Re: $6.45 in AH's. I smell a....
Yes and one trade of 100 shares moved the price to 6.66 and the last trade at 17:24 moved it to 6.68 so that's a move of 23 cents on 130 shares traded. Generally when you have dramatic price increases or decreases on the pre market and AH it signals manipulation. Probably 2 clowns selling back and forth to each other to paint the tape prior to the market open tomorrow. Why you ask? Most logical answer is that these are shorts trying to scare retail investors to selling their shares or putting on pressure on the stock to trigger sell stops so they can cover at a lower price. The shorts Arsenal includes reverse conversions, naked shorting, painting the tape, triggering sell stops and I'm sure a quiet a few other tricks that I'm not aware of. Well by end of February one of this'd things (sell stops) will no longer be available to shorts as a tool to manipulate this stock.
If you think about it a lot of investors who bought in the last year bought the stock below $8 (last high was 8.09 end of February 2015) and im sure a lot of investors cashed out last week while new ones poured into the stock at prices of $7 to 9.95 range. So at this point we will see this trading range until there's a base and we have new levels of support and resistance. Wait a minute did I sound like a TA guy??? I hope not lol