RE: RE: holding up nice you've got to see past the price, and read rhe voume. That is the desireability/trend indicator.
If all the sellers are ied up at 3.40, say 40 million shares there, and beteen now 2.85 and there 3.40 is say 3 million shares....3.1 million shares and poof..your at 3.40.
When earnings come out after mondays close.....it just won't matter what the price was 5 minutes before that. If yu want shares...well they will cost 3. something imediately...because te first few thousand shares bought will bring it to the 3's immediately.
This is a buy op....although not much of one...because there isn't much for sale...but the small fish can fed at 2.85 and not drive the price up 10 cents in one buy. Someone just bought 90k shares and it went up 2 cents...biggest volume trade of the day..and it was a gren buy.
The 5 day volume has 1 in 7 selling if you look at the voume on the up, vs, the recent low voume down.
If 1 in 7 are bullish....what happens when the earnings come out? The sidelined banks either buy or sell.
I say with 95% confidence...if the results beat estimates by even a penny....this opens i the 3's
All indicator are up....this is just a wee bit of profit taking, and a we bit of fear....from small time volume trders...loking to skim. I could be wrong...but i doubt it. This bought today will pay you $ by next week.
The big volume....well sorta big was 3 bucks. Thats the facts on where the mass of setiment is....meaning sub 3 is opportunity. Lucky you if ya waited. just don't expect to buy much...cause even 300k will push this back up. Smal traders win eh.