Well, it did do some spectacular jumping through hoops..., pre-split wise, we've come down almost 100 points, and are trying to fill the gap.
However, it's still squishy here, and it needs to firm. I guess I thought 100 would be the holding point, it may be 95 now, or 90. I don't know.
I see some size coming in to buy (may be short covering), or may be people thinking it's right to get back in.
I also see some selling pressure (that's why were down now), which may either be NEW short positions, or seller taking profits before a long weekend.
I don't think I am too concerned, but it hurt the portfolio with these big down days. I've taken some profit out of this stock twice already, and have a much smaller position.
I would not want to be the person who was the buyer at 272, though...it will take some time to return there. |
