I noticed a lot of funds locked in their profits Friday which caused downward pressure in the afternoon. I know one fund dumped 230,000 shares at the end of the day. Fortunately enough buyers were there to absorb them. This is just speculation but the selling may be finished for now. Monday could be a biggie, if we can break $16 the skies the limit. The only negative is the 4th of July which could cause low volume for the week but it also could mean that Monday everyone will get all of their positions in order. Just a thought.
with the 4th on a Thursday I think a many of the big money players will be absent (some one day, others another) all week long. Expect a choppy market. But heck its the 4th! We should be glad to live here where the markets are mostly free and Big Gov't slightly appreciates capitalism even thought they've allowed the stock market to become a gambling casino.