What you saw was a large hedgefund COVER and REVERSE with volume over a 4 day period like we have NOT SEEN IN 5 YEARS or MORE. This was no scheme to lure suckers. Also of note were the two massive option plays consistent with this new reality. We saw 10's of thousands of puts sold as well as some very significant size in the near term call strikes. I hate to tell this to all of the people who were conditioned by past events and sold today during the pullback, but Im certain you're making a big mistake if you haven't repurchased your trading shares by mid morning today, your opportunity to get in at a decent price will have slipped away.
Im not sure if it actually did happen but they "hedge funds" do it all the time to get in at lower prices. A few million dollars laying around can move a stock like this pretty easy if most of the buying or selling is on one side. Just hold on too your shares and any big dips just buy what you can. No matter what we will be trading much higher in oct. I have a nice amount but hope to have 15k or 17k shares by that time.
They'll be moving this to close right at the so called "max pain" where the plurality of option owners are denied the right to exercise - so 4.00 on Op Ex Friday. After that it's anybody's guess on how high this thing could fly. Time is running out for anyone on the sidelines or worse (a short). A BIG REWARD awaits anyone with a SMALL amount of PATIENCE if you ask me.