All the Buyers after .45 were new holders...Many were obviously...

All the Buyers after .45 were new holders...Many were obviously short term types. They went into the money very quickly and took profits. Many longer term holders as I am also headed for the exit door. I sold 20% at .68 and this looked pretty silly for a week or so. Maybe some bigger holders put some profits into the bag after looking at a report that seemed a bit over hyped. Whatever we have a whole new set of holders. The volume pick up and the ratio change between buyers and sellers certainly has taken most of us by surprise. In hindsight the TA's will say it all got a bit overbought and the indicators were screaming a top. None were saying that before the event/sell off. So where is the bottom .45/.50 or old highs sounds about right. Catching a falling knife is a strategy to the poor house so the sellers are in control until this company provides data to the contrary and makes a base. My sale at .68 looks good now as the rest of my holding is a free roll. Harry Hindsight is a wonderful thing.