I was not taking my eye off the time & sales on my level 2. There was a pretty determined shorter who stuck to his guns for almost the close.
He was responsible for several 10000 share "sells" on the bid.... just about every time we got any momo, he'd pop it back with another 10000 share sell at the bid. But he was standing in the way and he got bulldozed bigtime. It was pretty funny, actually. You could see him capitulate when he dumped 100,000 shares with less that four minutes left to EOD.
My thought at the time that 100K trade crossed the ticker was that he could see that he was standing in front of an onrushing freight train and he no way wanted to be caught with a big position at open tomorrow!!
Yeah, at 15:56:34.... pow!!! 100K dumped so he didn't get smashed tomorrow.
Basically, the way this puppy traded was that the shorty managed to take it back to 1.29. Then, it recovered like it was an army coming out of the trenches, bayonettes fixed. NICE!!
A big vol day of 1.66 million traded on 8/8, but with less than half an hour left in the day today, it went from looking like it was a fail to running like somebody was hot-shotting it. Closed above the high AND the volume of that former big day (8/8/14).
My read is that this is all set up for a VERY impressive day tomorrow. Lots of juice. Bammmm baby!
I do like being on the right side of a runner.
Go baby go baby go baby GO!
:o)
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
