Here's what's happening in my opinion. You can see the pattern:
Step 1 - pop and chase in the morning More and more people are coming into RFMK each day. Newbies are a little overzelous at the beginning of the day, resulting in a pop and people chasing to get in.
Step 2 - accumulation Then the MM's lower the ask down as a scare tactic. Some of the newbies get scared and sell. Those sells go into the hands of the MM's and longs.
Step 3 - repeat of step 1 and 2 a few times until near end of day
Step 4 - momentum carries into the close of the day resulting in an overall percentage gain for the day.
Step 5 - restless nights of sleep waiting with excitement for the next day to see it happen all over again.
This babies going up. Look at the charts. If you don't read charts, try to understand in lehman's terms step 1-5 above.
Hold your shares, buy the dips, and you'll be good to go! All my opinion.
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