<< Hang in there folks.. no news out which means we are up to the same old. >>
Paul:
In the past, virtually EVERY SINGLE large unexplained drop was followed very shortly by a significant gap up in price. In most cases, this was due to impending positive news that the general public had no knowledge of. Although I was never able to secure any evidence to prove this, I've always been suspicious that some MM or MMs might have deliberately been triggering stops to create a buying opp. Looking at a P/V chart, you can see that the volume leading up to the crash below 20 was relatively light. I'd venture to guess 20 was a very common stop trigger. From there, it looks like it just snowballed. There's some reasonably strong volume coming back up from the bottom, suggesting to me that there's still a lot of interest in buying this issue, more than just retail purchases could account for. Of course, this is all IMO.
Staying long (and getting longer today),
Piranha |
