Market makers teasing down the bids while keeping the spread large to get all the noobies to sell to them out of disappointment that they didn't catch the 30% skyrocket they expected. You know, the people that piled into this stock for earnings thinking they'd get rich quick plus the goonish DT shorts that also short the bid but forget to cover till the stock pops and they are underwater too.
These low volume stocks will make everyone a loser who thinks they are smarter than the professional traders on wall street. The way to win is place your bet and wait, quit looking for the boogieman around every tick cuz it's probably you...
Agree Saram! The price is kept low and down in favor of those bigger bets. We always rise slow and small in big volume and then fall sharply on light volume (just check yesterday and today). It does not matter much for those who hold for months. The preferred trade is to buy these exaggerated dips and hold. IMHO of course.
Sentiment: Strong Buy
Allow me to explain,
today was profit taking day.
1. Institutions Hedge Funds and Big Boys who thought this would just blast off after earnings were wrong. It did not so they want to get out. This is called stock under pressure. Shorts were watching and laughing. Options suggests that shorts went crazy and shorted lots more above $34 level , today they were quitely watching.
2. Tomorrow could be more pressure, if they could dumping / profit taking
3. Chart as of close, suggest good healthy consolidation, which means tomorrow if we have buyers , then break above $35