AAP Inc (AAPJ)

[SPM555]

Don't stress too much, a light volume pullback and consolidation is not going to help the shorts one bit, and it sets us up for a healthy way to work our way into the next meaningful update from the company. Running up too hard in anticipation of news is a sign that they're setting us up to sell off on news, but this healthy churning is just baking the shorts more and thinning the retail flipper herd a little. I'm thinking a little more consolidation here in the upper .003s and low/mid .004s, then we'll be set to test .01 again. IMO the MMs lose all their control over us once we've taken out .01 and the 200 day MA. I'm not the least bit discouraged with today's action, looks quite healthy so far.