Horrendously oversold stocks always become the traders plaything...

Horrendously oversold stocks always become the traders plaything because the long term holders are so far under water that they only passively watch the counter trend and don't add to the selling pressure. The only stock up for grabs at these levels is from traders who picked them up a pip or so lower. IVA will now be a traders plaything for weeks for mine…..It'll be walked up by them until it strikes resistance which shouldn't occur until the 20's.