Have you seen what the latest idiot is writing on SEEKING ALPHA?
Quoth the Raven is his byline. I can't understand how low the bar is on people with jobs nowadays. This guy has never heard of a stock bottoming, and does not know what heavy volume on a downtrend and fast up reversal in a day means. To him... it means somebody somewhere knows something. And to him... it's bad. Gee. Could he possibly be insinuating the audit being finished and having problems? That's his guess. My guess is he is 20 years old and has a spiffy new (almost) college degree from a nearby community college. His art in writing means he does not even edit or proofread. His second bullet point is not a question, or a complete thought, yet has a question mark at the end of the sentence. So much for a smart blog. Iggy.
Yeah, this was a "hail Mary" pass attempt to reverse Friday... the trend reversal day. In vain, it would appear. Especially when earnings are after market on Wednesday... very very risky for the shorts. If the earnings are good after market Wednesday... shorts are dead. The big boys will cover heavily Thursday if the news is good.