22nd Century Group Inc (XXII)

[jockinmikeg]

I think yesterday's quick drop could be explained by margin calls, weak hands liquidating to protect profits from a "crash", and stop losses taken out.

I wouldn't blink an eye if we gained a steady 10-20% today on gradual volume and movement. The bounce was overdue.

What raised my suspicions were pumpers from known flipper forums coming over here and spamming and the almost vertical spike starting at 1:30 after the price had plateaued in the 2.30s all afternoon.

Neither situation (the up or down) appears "normal" on the outside, but both likely have explanations.

If I weren't afraid to be on the sidelines when MSA news hits, I would have sold into today's run and waited to buy back.