RE:Ever the optimisttamaracktop wrote: We've all seen those occasions in the market when an individual stock goes from looking bad to suddenly very good in one day, or vice versa.
Reversals.
The minute that the stock traded at $2.24, 82,000 shares were sold.
Wham!
Right down to $2.21 on 82,000 shares in 4 minutes.
It happened at 10:01.
look at the one-day chart.
Better yet, look at the tape times.
The stock has had more volume before noon than it has in an entire day this week.
We might see one of those days today.
An upside reversal on volume would be the best possible launchpad.
It's a long shot, but not out of the question this afternoon.
I've previously confessed to being an ultra bull here, which is undeniably my prerogative.
Try to lay off the scorn.
I'll try to go easy on you. And yes, as predicted you are still batting a zero and the "major support" at $2.25 you were posting over and over about about didn't hold. To those not blinded by meaningless technicals that should never be applied to this type of stock it wasn't a surprise.
Unfortunately, if the market turns lower, low $2's or even below that is possible, given the stock's inability to hold on to gains. Repeated inability to hold gains sooner or later can become a self fulfilling prophecy, for obvious reasons.
Solid news and a favourable market are what this needs to hold up and go up.