Correction: Such a Great WordI wonder who came up with "Correction" as the term to describe bloodletting, selloff, crash or destruction? It has such a nice wholesome ring to it, as though we should be grateful and happy that it is underway.
In the case of our little baby, the "correction" to 25c is just about perfect in a technical sense after the recent runup from 16c to 32c on fairly heavy volume.
Of course, the $64,000 question is whether our ballarina will strut her stuff and give us a nice chorus kick to the next level. Optimists will like the strong support at 25c, the knee jerk selloff from weak hands possibly completed yesterday and the limited supply. Pessimists will worry about the markets in Sept/Oct