All available shares were being scooped up today ... with the low float, this consolidation here on big volume is just what we need to base off of and on into the $9's. Buy the dips!
This traded above $10 all summer. It will go back up there ... IBB and XBI getting hit today, too. Let the shorts have their fun and short term profit-taking thin out. Great news today ... buy the dips!!
Wasn't exactly "small" trades ... they definitely took out some stops with about 40K to the downside. When I predicted a re-test of $5.75 awhile ago, I never thought it would REALLY happen once we broke out over $6.30 and headed to $7. Sheesh!!
Well, I got greedy, too, in the $4s and low $5's. Now they can try to find shares to cover ... they aren't getting mine!
It went down for days on end? And, now it can reverse and do the opposite since the "mob" got their shorts covered. This is exactly how that run to $13+ occurred. Relentless buying ... no shares! Climb aboard ...
Sounds logical ... a little good news, of course, and we're off to the races! Been consolidating down in the $5's for a long time. Let's get back to the last secondary level and launch from there! It's percolating!!
Not so fast ... We know "they" can drop it on little volume pretty easily. I'm thinking we will give $5.70 area a couple more tests. No worries ... Nice volume on Friday with the move up. Time for the "bigs" to make more money now on the way up after shorting us into oblivion!!