i watched the trading on bly for the last 50 mins of yesterday. in that 50 mins the market tanked more than 2% but i didn't see BLY go below 30c. everytime 30c was sold into another largish bid appeared. i also think about 3 million was traded in this period and then there was the 1.6 million at 30.5c in the auction which was mostly unfilled. this gave me confidence to buy a few more as im hoping for a short term rally. i may be wrong and it won't be the first time but you can't expect stocks to fall indefinitely without some type of rally along the way.
btw people need to get a $2 high out of their head, the market has changed and maybe it was overpriced for growth. if it doesn't go up today then i'll be concerned.
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