Aug. 7 at 4:12 PM
$AUPH As a few have already pointed out, Tang's purchase was only responsible for 1.3m of the 20m shares traded from Friday to Tuesday (~6.5%).
His purchases might have been the catalyst for the move upwards, but they weren't the main driving force.
As far as I can imagine, the remaining shares are likely to have been one or more tutes taking a long position and/or covering a short position - my sense is likelier the latter, but that's mostly speculation.
Consolidation in the meantime is absolutely welcome to allow RSI to cool down.
Volume is still slightly elevated, and the share price is resisting a pullback for the time being.
Hopeful for a steady creep upwards to mid-teens by EOY, with ~
$12.50 being the major resistance point en route.
