I was watching both L2 and last sale data in real time for a while before putting in my buy order. Based on the block sales, I still don't believe the wall at $3.30 was "fake" - typically, a false base will be propped up by a continuing series of 100 share buys, but I saw many trades go thru for 500-1000 shares, which points to retailers.
In any case, for whatever reason, it broke thru $3.30 and is currently down to $3.11. Hey, I know the reason it's down: I bought some shares! :-)
MONEYFLOW 8, Strong Neutral 1 day moneyflow, stalemate between bulls and bears, occurs 20% of the time.
IOW it's stuck here for the moment....guess time will tell whether I should have delayed my buy or not....but based on all the great news that came out tonite I expect the market to zoom tomorrow (financial reform bill passed, Goldman Sachs case resolution, and BP has apparently capped the well!)
Are you as dumb as you sound? Do you think that anyone that had that many shares to dump would be telling other people to sell as well? He was selling when he said he was buying, and he wants to buy back lower now. Sheeeesh. Also, would someone that controlled that type of money come on Yahoo?
encercler....I totally agree with you on this point....those bids were fake to think that $3.30 was support.....I figure the moron stocktech2009 is selling. He claimed he bought over 4m shares, and was quoted on a blog encouraging folks to sell...