Have to admit that I thought we might have a bounce today but a little gap up and more selling and shorting. Looks like it goes lower. Chart is looking sick and it keeps making lower highs and lower lows. Today doesn't look any different as sellers and shorts sitting on the offer. They probably enticed a few longs to take the jump this morning who are thinking, "Why did I do that"? May come back some later.
Yes it might. The 4+ drop is pretty good as it is. They set that up nice with a big gap and then short, sell, short, sell. Now it looks like they may be covering a few while others are selling to get out.
This stock is the only one on my watch list at present that is red. I did go short eight trading days ago. Covered too early and have been watching for a long opportunity. I do not see one yet. Will need to make a higher high and higher low. When they decide to beat up a stock there is no stopping it until they quit pounding. With their dollars they often extend it much beyond what should take place. Of course that is when they coerce many to catch the falling knife. GLTA