Thoughts guys, what is happening here? I think shorts are trying to scare people off and shake some weak hands that got in @ 2.50 levels after double bottom signal and there's some selling but not huge if we look at the shares trade? Also it is easy to short a stock when volume is low - correct?
I think some shorts got roped in by Wall Street 24/7 republishing their 10 brands set to disappear in 2013 piece. I don't know if the article was updated, but it showed up as "news" in my brokerage account. I bumped up my post from the last time that piece was released - indicating Wall Street 24/7 had a zero for ten accuracy record for brands set to disappear in 2011. Many of the so call disappearing brands for that year are trading at highs.
Yes, red the article and checked all those stocks most if not all are in their highs and some doubled their price... Well looks like we are slowly bouncing back up, time will tell - I'm holding it's scary though haha but risk sometimes pays off.
I think there isn't much volume on either side right now so we may well be seeing a bit of manipulation (/shaking the tree) as you state, but I continue to believe that PSUN will rise strongly before the next earnings release. I've held this stock for over a year and I plan to continue to hold as we go much higher (hopefully).