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Re: sage55 post# 11996

Friday, 03/04/2016 11:42:58 AM

Friday, March 04, 2016 11:42:58 AM

Post# of 62100
I've had a few folks pm me asking that same question, My opinion is that the 8k stating someones resignation is meaningless, the news yesterday was already know as well and is meaningless. This ticker was set up for the perfect run, Chart, Volume, momo and standstill in place with R/S vote not coming for 3 weeks or so. It was perfect....then whoever made the idiotic decision to release that news and instill panic and fear for no reason caused weak but also somewhat savvy traders (knowing about weak traders) bailed out and everyone followed. I had already sold 75% of my position on Wednesday and was riding free shares yesterday and held all the way down and halfway up the first bounce. Once enough trolls come in and convince weak traders that this is a bad play that creates the low volume we see today. NOTHING HAS CHANGED WITH REGARDS TO THE REASON EVERYONE WAS HERE IN THE FIRST PLACE. Now, with short positions added to the millions of short shares that already existed, I say this has more of an opportunity to bust up north, the problem right now is momo, get the momo back and it fly's....
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