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Friday, October 06, 2017 6:32:50 PM
People who only bought to flip the stock for a quick gain are selling because the quick gain didn't happen, barring those huge spikes initially. They gave up and moved on.
And look at the dollar volume trading the past week. Peanuts. It means nothing. Now if the stock is trading lower on say a million bucks exchanging hands in a single day, then perhaps I'd be concerned. What traded today? Under $30K and that was with only 27 trades. More weak hands left that's all.
Good luck to all.
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