RE:Fib. 50% pullback from low to highslightfan1 wrote:
more or less; 25$ to 46$; 50% fib. pullback = $36. When we got to recent high, I remember some TA posters poster that it could get back to $36. Well here we are. Let's see how it plays out.
Petty clear there was an endless supply of $40 shares over the last couple of days. Must have been someone building a short position. Seem to be in piledrive mode again. I'm hoping to see low $30's again. I would think if they were willing to throw out so many shares they would be looking for a 20-25% return. They just need a couple of low volume days to do it. Stock isn't trading on fundamentals at all but lots of money to be made on the bounces! Happy trading.