There's been a lot of theories about today's trading. One thing I am not worried about is the fundamentals, they are fabulous. I'm curious to know what the cause is for today, though.
The price had held up well at the $6.00 mark. The sell side is thin with almost no offers below $6.30. Yet every time the share price looks like going above $6.00, and I think it all must be over and a big move up is coming, the price gets hammered by a large sell order out of nowhere.
Volume is high at nearly 500k.
I wonder, is it as a result of some positioning by short sellers? Or just people who bought at $5.00 a month or so ago, now taking their profits?
Once the day is over I'd love to hear from some of our chart experts as to what the next week might bring us.
EXT Price at posting:
$5.94 Sentiment: Buy Disclosure: Held
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