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Re: Toxic Avenger post# 31194

Friday, 02/18/2011 9:28:29 AM

Friday, February 18, 2011 9:28:29 AM

Post# of 35802
Point taken and I do understand what you're saying. What's bullish about that is that the selling pressure has subsided, and looking at the bid/ask in Level II, you can see that buyers are lined up trying to catch shares at the bottom. As happened yesterday, when the crumbs dropped don't satiate their appetite, they raise the bid.

On a side note, interesting that on a day like yesterday only 27,000 shares were shorted. Much less than it would have been even a few weeks ago. Seems like even the shorts are recognizing the limited potential gains to the downside by shorting in the .08s