Unslaked Demand, Exhausted SupplyNow that virtually everybody can sell for a profit, one would expect a huge supply to come on to the market. It did. Only it was yesterday when many among us could not believe their good fortune and seized the moment.
Today however, is another story. From the buy side, I see a possible emotive panic among the timid who could not get filled at a bargain price yesterday (notice a couple of 250,000 share orders went unfilled). Tfhese folks will develop itchy trigger fingers as the opportunity is percieved to be slipping away
On the supply side, one can humorously imagine someone out there "too scared to sell" What if this thing goes to X and I have lost my position? Better wait and see.
So there you have it--another good day seems probable.