RE: RE: RE: RE: Today's ActionBirch,
Yes, for every seller there's always a buyer. However, when people refers to "more sellers than buyers" what they mean is that sellers are executing orders on existing bid prices which in turn drives the price down when people are eager to sell.
A larger order 150k was stopped out today. That is why we saw a downward spiral in the stock price.
IMO, there should be a correction tomorrow to the upside. You will often see that when a SP plunge for descent stocks. In addition, according to Fibonacci's retracement (in reference to the closing prices) of 61.8% and 50% has been breached and the next support level would be testing the 38.2% retracement @ 0.41.
I will continue to buy up more shares around the low 40s.
GLTA