Tremendous selling, mostly ECNs, ISLD, INCA, BTRD, with SLKC and some MMs thrown in, including MASH. On the other hand, MLCO is supporting this stock. If it were not for MLCO, this stock would have broken 50, IMO.
Perhaps the idea is: all the good news is out. Nothing to look forward to short term. Sell.
A lot of technical damage has been done to this stock. This selling is one price to be paid.
Now FBCO is selling. Unfortunately, yet again, shorting the gap up in the morning was the right strategy. It would sure be nice to make some $ on the long side for a change.
To make this stock whole, we may have to visit the 40s, like 48 1/2. Perhaps in the coming days. Otherwise, I'm afraid we'll see this stock stagnate.
Morgan |
