RE:RE:RE:What caused the sell off???That's a good take on it, I think. The price plunged well below $4 this morning and clawed its way back up. Hopefully that completes the downward retracement I was talking about and expecting yesterday morning (Wednesday). Late today shortcovering caused a spike back to $5. Typical short covering behavior, which is usually followed by a small crash-back, which is what we got. But now it might be at support and build a base from here - unless more devastating news hits.
I believe in retracements, be they up or down. I expect a tradable retracement of the DOW and S&P in the foreseeable future. It might just be a dead cat bounce, a countertrend rally, but so what? They can be very powerful.