Inspiration Mining

Was just thinking about why we were not trading back where we were before the "spin out" fiasco. The ex-dividend date etc. Anyhow we were at levels above .40 when Langmuir was still part of the ISM domain. Today we linger around the 36/.38 mark after seeing the stock as low as .32 Note the trading volumes in the graph for that period. Are we possibly seeing traders looking to unload positions that were bought during those lows? 6-10 cents clipped on a .32/.34 purchase is good pocket change for daytraders and momo players. I must also say the trading volumes today and yesterday are pretty minimal. So people are not budging and are holding to their bids and asks....yawn.

So here's what's in front of us and obviously represents some selling pressure or at least a price cap on where SP is going given that there is absolutley zero news on hand and nothing really else to talk about as those who steer this ship get it together for the next kick at the can. Its the all familiar "sit and wait" time for ISM shareholders. One good thing while we wait, Nickel is increasing in value.

If you are interested here's the radar screen. BTW, You got to love those even nickel increments, they are also psychological price levels and are easy to "decide on" when setting entry and exit points for most people.

IMHO

ISM asks @ 1:10 pm

.39 25,000 2 orders
.40 64,000 6 orders
.41 8,000 2 orders
.415 6,000 1 order
.42 15,000 1 order
.435 1,000 1 order
.44 5,500 2 orders
.445 5,000 1 order
.45 36,000 3 orders

An even better graph showing where the stock was at: