gh, level 2 shows nothing but small retail trades, so I am not sure where you are seeing this "big buying". Again, I feel a 50% haircut in 6 days is wonderful. I don't expect it to go down everyday. In fact, I am surprised it hasn't popped more. I think it shows the scamsters have mostly exited their positions and now we get the slow death spiral. Good luck to you in your trading.
Hey Extex...yup shorts having fun now. I don't know about delisting (although I think it is a distinct possibility) but I see much lower prices. I don't think they have anything other than a ben gay-like cream. If you read the patents and the ingredients you'll see they have nothing but a pump and a scam.
I played it for the big bounce. It didn't come soon enough, and I can't have money sitting around waiting too long. There are too many good opportunities elsewhere.
When I say defied the shorts, I don't think anyone expected the support VAPH is getting in the 7's. It is refusing to roll over for now, and big blocks are still there on the buy side. Why do you think there are large buys every morning? Are the shorts getting nervous because of the weak close, and panic covering in the morning?
I'll be watching, and if the game starts up again I'll be back.
I also think there's a good chance that the broad market correction is only about 1/2 over, and there sure is a lot of flight to quality, meaning growth is getting pounded. In general I'm selling some growth and continuing to be defensive in my posture for my portfolios by adding to URPSX positions.
Just like Microsoft last split. Everyone that bought into its last big run over 110, to the full margin of their account and held, lost every penny, every last one. Splits are a suckers buy, always have been always will be.