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Wednesday, April 30, 2014 1:12:01 PM
It's in a solid down trend and people are pulling the ejection handle, probably giving up on the pump price of the past 4 weeks or so- and just gonna take the loss.
That's what I'm seeing in my opinion. When it goes down big (13% in a blink) on decent volume, and the spread opens up like now, and it's "flat lining"- look at chart (40 minutes or so, not a single trade) it's just sitting there now, then it's ripe for big drops IMO. Seen it over and over and over again with this one.
And that's despite the "big" PR day- the long awaited, highly touted, big "news" that's been mentioned probably no less than 200 times in the past month. The long awaited Angel, 5 person, Mexico, "trial", 6 months "results" at a "big presentation" and all. Well, down 13% on decent volume. Market is speaking IMO.
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