RE:i would beg to differ, i think we get a "sell the news"preciousminguy wrote:
pullback, the stock drifts down or violently back down to support where tons of buyers will jump back in. also you have PM's that have to balance their asset allocation, to do so they need to sell massive blocks after the 100% gain. This in itself as well as profit taking will drive it lower. I will WAIT to get my traders back. and for my main chunk of stock I will watch and enjoy the ride. simple as that
I don't think we know where the support and resistance levels are at currently. I sure dont. It's clear that volume is way way up, there is bound to be profit taking at some point. I am guessing "?" that the stock is starting to see HFT (?)