Shorts want a lower launch pad before reloadingThis move was not a surprise. I read a lot of posts of confident traders saying to reload at 61¢ and unload just before the 4th. So much for outsmarting the market.
Sooo, since 61¢ was not low enough, will the shorts want to launch this from 55¢ or will they want to push it down to hell at 45¢ before letting it go?
From 61¢ to 78¢ it's 28% gain
From 55¢ to 78¢ it's 42% gain
From 45¢ to 78¢ it's 72% gain or 30% more