the price will be what the mms want it to be-do you REALLY think the downturn during the regular hours trading was purely supply and demand????
The shorting is primarily the mms shorting it to refill their coffers. They like the rest of us have credit limits only and cannot keep pushing the price up or down without some profit taking. There was a 77k+ buy (cover?)at the bell which is very positive IMO. This stock will go up for a while, maybe 3-5 days short of any major news. My real concern is when volume dries up the mms will be able to push it anyway they want to......a minor concern is the realization that the overall market could be ready to correct which is long overdue and the headwinds might be more than SWHC can push against. Being a MM is a license to steal. They KNOW pretty much where the stock is going to end because of the end of the day trade. They churn the shares till 4:00 to reach that magic price point.
one positive that can change in a second is a 55k sell at $15.40. MMs will make a killing churning the shares to reach that point plus cash in on their long holdings and/or calls. IF that is a legitimate sell order we will be there in a few days
all the brokerage house offer some form of Level II----I use Scottrade and it is called Total View which is suppose to be better than a basic Level II program.
my guess is that someone has a big sell order and they ran it up to accommodate them---no runaway volume to indicate some news......IMO