Rivkinsjockstrap...
Yesterday I was predicting a 66-74c price range for today...however now I suspect the wider market falls may have put a little extra downside pressure on this.
The 25K dump to hit 64c earlier in the day was orchestrated with the instantaneous pulling of buy orders just above this level...now they have their 64c low, which will send the fear of god into most of those who are still holding from above 70c.
As far as I can see, the on screen antics are all designed to flush out the sellers; the appearance and disappearance of buy orders; the stacking of the sell side and; the occassional at market hit all seem to have been successful, however, unless I am mistaken, the remaining holders are either no longer interested, or finally working out what is going on.
WWoooHooo trading halt!
Cheers!
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