A sizable shakeout occurred on Thursday where the stock collapsed. This size of this was not expected but as the price action was trading above the bollinger bands it would make sense for a correction to bring the price action back within these bands. This would have been an amazing time to buy as the price dropped to the previous all time high back Dec 7th @ 2.90. Price came within 1 cent with a low of 2.91 on the 24th.
As price action is still at bollinger band I don't expect continued 12 % jumps in this stock. However, it was one of the strongest silver play recoveries on Friday February 25th, 2011.
Previous article here.
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