Gapping open to a new 52 week high... unfortunately we still have to go back and take out the inevitable selling pressure leading up to that number. Good news is its going to fall. Bad news is it won't be that easy and it may take some time.
just like taser, dndn and others did... there is not selling pressure or stops that have to be filled. Also screw technicals... if the stock is going to go up based on how phase II is doing.. technicals aren't going to be an issue.
Nope still long. You'll learn the importance of identifying a breakout the hard way I guess. We're trading 20% above yesterday's low and we're in sell off mode? Get a clue man, your trading career will be over soon enough. We want this to be a drawn out process, a gap feels nice but always needs to be filled unless there is a significant news event. I'm sure you've noticed what happens when we breakout too fast because it seems to be the only thing you know how to do right. Unfortunately you can't tell the difference of a fast break that's going to crash and a legitimate break out like we have now.