RE: ????As I said on this board on Jan 21...
IMHO, the reason it is down is because of the following in this order:
- hot news
- price shoots up
- everyone and his dog wants a piece
- price peeks
-. the number of buyers becomes exhausted
- a fair portion of those who bought in purely to make some cash sell out
- the people who jumped on the band wagon start selling in panic as the price starts to dip
- automatic stop losses kick in and more selling occurs
- fear and panic sets in and more people (the crowd) sell
and tada... you have a pullback. Nothing to do with the stock or the product, just emotion and crowd mentality. I actually doubt (imho) that the markets today had much to do with this.
I would also add that, I personally believe we are looking at a general pullback on the major indeces, which will have major effect on small caps in mining etc. SO that will just add to the decline here. I truly feel this stock has quite a ways more to go down.