Hi Hilldweller, Indeed both of those are very viable opinions....

Hi Hilldweller,

Indeed both of those are very viable opinions. As a stag (IPO Holder), some would be sitting on a healthy profit and deciding to take all or some "off the table" as such. I would also assume that day traders have spent some time on OLL the past few days as the stock has shown high amounts of turnover (volume).

Today, it was evident there was an iceberg seller at .340
Iceberg orders are large single orders that have been divided into smaller limit orders, usually through the use of an automated program, for the purpose of hiding the actual order quantity. The term "iceberg" comes from the fact that the visible lots are just the "tip of the iceberg" given the greater number of limit orders ready to be placed. They are also sometimes referred to as reserve orders.

Best case from here I would say is to travel sideways on falling volume, contract and then look to break. Mind you... if they drop an announcement anything can happen.

I will continue to buy on weakness, I believe this story is only just starting to unfold. Management is top class (mind the pun).

On the hourly chart, nice trend line.


on the daily chart, a nice breather for the RSI. I would presume another touch of .300-.305 area and the continuation to the upside.

Hope this helps!