I just bought in @ 7.62, but everyone should know that there is potential for another drop
The technical analysis of the charts...this would only be temporary, but may make people continue to post messages like "Why is this going down?".
The Stochastics chart primarily shows RFMD as over bought (above 80) and tends to instill selling. RSI is pointing down also...this could change quickly, but don't be alarmed if it goes down more before it pops even higher up.
I am guessing that the volume was higher due in part to shorts covering.
Shortly after these two items reverse, it should be smooth sailing...the MACD is primed and ready to go.
Institutional buying has also increased over the past day and a half.
Check out these sites as I use them for this information: