notice that this thing has tendency to flash crash periodically. Somebody dumps 40k shares at the open and boom it crashes.
Don't know if somebody is trying to clear out stops and pick up shares on the cheap. I had this happen to me on BBY a few months ago. Had a big position with a loss limit. They dumped the stock, triggered my stops and then proceeded to run the stock up 200%.
with the robots running the markets these days they got software that tests the ques for postions, discovers the nests of retail investors and then raids the honey holes.
AWAY is almost the perfect biz model, internet hip, cash cow, middleman broker scheme makes money without requiring huge capitalization [doesn't need to own property] and has a huge client base that can buy shares. Many thousands of users that are potential share holders. Also the biz is sticky with little churn. Once somebody uses away to successfully list their property they will keep their listing alive for years. Lets pray for some valuations like amazon or Netflix and this thing is 10x undervalued. THink twice about putting in a trailing stop.
Looks like stops cleared out and up we go. You need a wide stop on this puppy. They took it out and down to the big move on on Tuesday, typical. My target is around $35.50 for the next step up. Earnings are stellar and RS to the S&P is 85. If the market retests we will see a nice move IMHO.