Looks like the shorts are working harder today to keep a lid on the price. Watching level 2 and the tape at the same time has recently shown mini dumps to wipe out low volume on the bid, but the buyers, at least for the last 15 minutes keep coming back. Looks like the shorts tried to keep the trade from reaching 9.80....and succeeded about 6 times before the buying was too strong.
Last hour should be interesting as volume has been decent. Not much time left for shortie.
Thanks for the analysis. I'm not a big chart guru, but the pattern of concerted slapdowns followed by immediate buying that leads to a modest uptrend looks satisfactory to me. Like you keep saying, odds favor us getting $.41 in two distributions during the next four months, so we can afford to be patient. I doubt that the shorts can afford to keep taking those hits.