RE:New Floor?My 2 cents:
You need substantial buying power and some knowledge of charts support and resistance where amateurs typically place stops, in order to "run the stops". This is usually the pervue of professional traders. The main reason they want to run stops is to take out those who got in ahead of them, thus pushing their way to front of the line so to speak, so early large buyers who get stopped out will have to come after them and will help push the price higher.
Even if you don;t use full market depth, the key in this process is to identify swing reversal/pivot points where stops are usually set at areas of resitance and support by amateurs. In the recent NVA scenario, $3.09 was a prominent area of support after a month long drop in price and increasing worry in the markets. The amateur placement of shares above the resistance level was a nice give away for the shorter.
Good eye Sugaree for identifying the event!