![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, May 18, 2012 12:24:26 AM
i agree. i think there were so much dumping today that shorts must have cashed in (i know i would have). the high volume sell off and consequent short covering only means there are now only long term investors (bagholders) left. without renewed interest in this stock, we're basically stuck here until some anomaly puts this back into everyone's radar again. more than likely, it'll drift down to .0001 unless some sort of PR campaign spins this or actual solid financial filings validates this company and the buzz starts again. i'm sorry, but i've been here before. that's why i can't stand pumpers because they signal premature sell-offs.
on the other hand, having a big volume spike for a sell-off could also signal a reversal. many positions closed today for a realized loss so it could be seen as a capitulation and if most of the shorts initiated covered, the money to be made by market makers and investors would be to the long side from here. USNL also showed up on the bottom picker's board so there may be some who will try to trade a bounce from here. i'm eager to see what the price action and volume will be like in the next few days/weeks.
FEATURED Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • Sep 4, 2024 9:02 AM
FEATURED Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • Sep 4, 2024 8:45 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM
PickleJar Launches National "Get on the Bus" Campaign, Unveils Thompson Square Tour Bus Wrap • PKLE • Sep 4, 2024 7:17 AM
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM