New Year TradingAs expected, we had some new year selling -- take the money and run. Understandable.
However, the last 10 mins. yesterday (1/4/2015), the MMs were able to walk this down several cents on little volume, (If you had Level II with T&S, you should have noticed this). Look at that AVP (AVerage-weighted Price).
The day-traders, I'd expect are mainly out. Not enough volatility.
I'm long and holding. If they walk it down much more, I'm buying. If it pokes over $3, I'm buying.