It should come as no surprise that there was a retracement today -- and aggressive shorts at the EOD to try to bring the price back down. THis, in turn, took stops out that people had set.
Now, shorts have collaborated here to try to get another selloff and increase their profits. You have to be patient -- not long term but at least a couple of days. Look at the last run on this stock -- it covered several days and also had a good amount of volatility in the stock's price.
Luckily, we have great news this time and huge volume. We can expect many more to enter tomorrow. Weaker hands were shaken out today.
I've seen this once to many times. Obviously when there is a run-up there are going to be profit-takers it's only common sense. Once the dust settles then you move forward. One just needs to be patient and not be distracted by those that want to rain on your parade if you will.
Mike; I agree with you on this one. The was a sell-off there bout 10 minutes before the close for just a second twice. Once at 3:51 PM and the other at 3:53 PM down to .0024
While I do see a retractment for the profit takers and those that can't hang in there and give away the shares I do believe that the run will continue and then settle back down. Bid after the close was .002 and ask was .008