Interesting few days...It has been an interesting few days.
There has been a ton of selling with almost 5,000,000 shares being sold over the last few sessions. More importantly there has been a ton of new buying. Going all the way back to the amazon days this is not a normal volume of selling or buying. While it is true that in the short term the stock was way overbought I believe there has been something more happeing during these past sessions.
My feeling is that someone (institution) wanted in (in a big way) and that was somehow accommodated for over the last few sessions. It's simple math, 15,000,000 shares at $60.00 is a lot better than 20,000,000 shares at $10.00.
I think we shold get ready for a new wave of promotion and plenty of new coverage as a new group(s) take this to a five to ten bagger from this level.
JMHO, Exciting times ahead.
BD.