Volume aint low. 1 million shares before noon. Same as last week. Last week was all sellers. This is a new week and last weeks sellers already sold. No wonder its a bounce. Out of sellers. This thing may wonder up all day as draders buy and sell dimes. But the higher it creeps, the more shorts cover.
Check the acc/dist, the shorts are desperately trying to hold it down while longs purchase shares. Opposing PPS/ACC on charts will always lead to 1 of two things, a pop in acc/price to correct, or a reduction in PPS to correct. Its the first 90% of the time in my experience.
I'm a noob and mostly have just bought blue chips because I hate just holding cash and earning nothing...bought ocz once at 7.90 and again at 7.55, and just recently bailed at 6.80. Oops? I guess this is what "shaking the weak hands out" means?