FreeSeas Inc fka FREEF

[llessurK]

Days traders who bought the news pop sold for losses when it missed on the $1.45 break (May 19th high), then shorts barreled into it as it started to fade. The remainder of the short term money that was still in also liquidated their holdings before the close creating downward pressure to close the price -15% below the VWAP price of $1.148

This stock is a better swing trade and a very good buy down here for a longer term hold. Stock was trading 15% to 20% higher on a fraction of todays today volume (less than 5%). Share price will correct itself back above $1.10 short term, imo.