Sunday, January 16, 2011 8:26:20 AM
It looked thin going down, but people were just waiting on the sidelines to make their entry. When others saw their bid buys were not going to be filled due to minimal selling (really only 1 or 2 big dumps), they were forced to buy at the ask (and frankly, 13 and 14 is a dream price imo). As soon as that pressure started on the ask, all the people waiting on the sidelines to see how low they could get in decided it was time to put their bid in.
It wasn't thin going down... we just needed a little buying pressure to make people realize the ship wasn't sinking. People who sold all those 14s are going to be kicking themselves.
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