>>to early to tell if coms will rebound again, but the lack of trading today, which would have been a good time unload, and the past 2 days, suggests we might be bouncing back towards mid 30's.
time will tell, i do not think the data says much right now.<<
I agree. The data is skimpy so it's hard to do more
than speculate what it means. Eventually, we will find
out. But if possible, sometimes we can figure out
earlier.
Part of the key is if there are any big sellers left. Chances
are there aren't. I can't imagine them waitng this a long
period as a strategy to sell.
But, check out this reasoning, on why the stock can drift
down a bit still:
There is no big buyer yet - they may want to wait
a while to make sure there isn't any more bad news.
I notice that whenever volume starts to get low during
the day, the stock drops. I attribute this to shorts,
and it complements the retail buyers (you and me) who
get to pick up the stock for a lower price.
So, the very low buying and selling volume is dragging the
price down. This cycle has to stop. We need a few
big guns to wave the COMS flag so it creates a big
move.
joe |
