Afterhours trading really won't affect the .85 bottom on charts. With it being after hours also, instead of premarket also means a lot. Could have been a T trade from earlier, depends on the volume of the move down. Sure the guy with 1.1mil bid isn't leaving overnight. To me, its being kept in a pocket of .85 to .90. Been a day trade of a lifetime the past couple days. Absolutely no way is this being sold off tmrw like some like to think. For one, the selling in the ASX won't have that much more pressure tmrw. No foreign investment is selling, nor can any local investment logically sell off tmrw. I understand the 30% halt some are saying that it would have went lower today. But if that's the case why did the ASX bounce off the lows very early after the open? Yes more then half where under halt, but why didn't the others face pressure throughout the day if there was going to be continuous sell off? Also take into account the 1.1mill bid at .85 all day, that's no normal money. That's either a insider, or a major instutional looking to enter. Based off the bids and asks on level 2 and NYSE open book its clearly being held in this current pocket off .85 to .90 until there are news on the bailout. Negative or postive either way.
AI
