Tuesday, February 12, 2008 4:10:30 PM
thanks for the chart, glassy. the volume tells the story imo. we're not seeing average retail buying down here. a great deal of effort has gone into this walkdown and it's pretty clear to me a few deep pockets want to own as much of the float as they can grab. this is why i'm not sweating the day-to-day price action. no one goes to these lengths to push a stock lower unless they want to drive out retail and accumulate a huge stake. once we see that reversal the resistance should be minimal, too. most weak hands got kicked out on the way down, so the upcoming run should be swift and strong, indeed. jmho.
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