Well, we can be absolutely certain that the sellers are not booking a direct profit.
Therefore we can conclude with high confidence that the core volume is short positions being closed. Plus a component of panic/depression selling.
If we assume that short traders are sophisticated then we can also conclude with reasonable confidence that sophisticated traders see upward prospects outweighing downward.
If your wheelbarrow isn't full, this could be a strategic time to start shoveling more ARI into it.
ARI Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
