Hmm,,, when I saw this ticker move,, click by click ,, 1/8 to 1/4 on every single buy ,,whether 100 or 1000 shares ,,every second ,, with stop and sudden spread of 3/8 th ,, I got the impression ,, that it was mostly short covering for last two days ,,and that people were not willing to sell at this price,, I believe the median price for current share holders are some where at 22 bucks.. from high of 59 ,, As you say ,, funds dumped at 40 ,, and the rest dumped and averaged down ,, all the way to 16 ,, and finally gave up ,,
I see 13 as the first stop and pull back to 12 1/4 as day traders who will be getting in en masse ,, at 9 1/4 ,, at open ,, will take profit from 10 1/2 ,, and move higher from there.. my target ,, in spite of this uncertain times,, 17 ,, in a week or so ,,
Expect ,, 300,000 shares going off first 30 minutes,, this stock moves well ,, like on a teflon ,, |
