If you're watching Level II trading for BWEN today there looks to be more buying than selling today despite the down day in the stock. Just something I noticed here during the middle of the trading day today. Seems to be under accumulation. Sideways trading is healthy at this point. Consolidation after a dramatic rise. Next leg up could take it much higher. We'll see. Hopefully some good news soon!
Not sure you're right but not implausible. I continue to believe that momentum traders who piled in during the one-week run-up are taking advantage of a strong overall market to claim profits by selling into strength. A 15, 20 or 25 percent profit in just a few days is tough to walk away from. In any case, some consolidation is to be expected, I guess.