What does everyone reckon??
Initially I was thinking recovery however with the significant drop in volume I'm not so sure....Look at todays volume...5M of the 6.7M shares traded today were traded in the first hour, and in the last 3hrs or so virtually no interest
With daily volumes reducing, and the gap at $6.81 filled......more good news is required IMO to get the movement back on track, otherwise the sellers will start to drop their prices. And if you look at buyers to sellers $1 either side of the action (so $5.80 - $7.80) there are twice as many sellers to buyers.
I know everyone wanted to burn the shorters at the stake, however it is likely to have been them supporting the buy side over the last 2 1/2 sessions, I fear they may have returned their stock and moved on?
Anyway, my thoughts only, what do others think??? (and no personal attacks DULL or NeilK)
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