Longs, Get a good night's sleep, tomorrow we will kick ass!
I agree, kudos to pajota3 today. He's like a one man anti-bashing ninja! But, let's be realistic here...there are a lot of longs that were probably hoping for a straight line to 50+. My guess is that, except for concrete news, the big boys won't let this run directly north until they have accumulated all they can from the weak hands.
I could be a little off, but I saw a pattern late in the day today. It seemed like a rise on volume followed by a sharp drop on almost no volume. Then, a slow recovery as though the weak longs were getting milked out of their shares out of fear for another sharp drop.
I do have to say, though that it did not look like panic selling by any means. The investors/speculators that are long in this bad boy stock are probably a different breed. A species that is very risk tolerant and willing to endure near term drops in value for a longer-term goal. WCG is an easy double if you can wait a year. Of course, that is my opinion and concrete news that there are several cockroaches besides our $35M pet could change things dramatically.