Todays course of sales looked more like swings, and roundabouts, choppy buying and selling, with ''itchy feeters'' quikly freeing up readies in a liquid holding to perhaps take advantage of good movers today, the likes of say,, cds, igr,etc.
They'll be back. So will the t3ers, they all come back.
Lots, hold, a few fold, but a number in between will always trade it.
The more that trade it into the mid/upper 20's the sooner we funimentalists will see a sentimentally justifiable floor.
Finishing 1.242c below the vwap should also suggest that it was not sold down by one big seller/buyer.
When an institution or very large holder does this, they tend to be much more vwap sensitive.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held