RE:RE:Selling pressureFunny how an 8 cent intraday swing in the SP looks so unusual now. The SP trading at $0.84 plus or minus $0.04 today is a deviation of
plus or minus 4.8% from the median.
That is actually remarkably less intraday volatility than when the pre-consolidation shares were trading up or down by a half a penny. For example, for weeks prior to the RS, the SP would often trade intraday between $0.05 and $0.06. The SP trading at $0.055 plus or minus $0.005 was a variance of
plus or minus 9.1% from the median. It was a fairly common intraday trading range, and people seemed to get used to it.
I think that there was considerably more short trading activity before the RS, but as a longer term investor it doesn't hurt to have a healthy "stink bid" in place just in case someone dumps a pile of shares for some reason (e.g. to seriously "shake the tree") before the Q3 report. GLTA!
WHATTHE1 wrote:
Shorters trying to shake the tree! No a reall lot of volume selling down. Good things await.