TA is always 20/20 hindsight, sure I saw the signals too, but TA can't predict if news is coming, so when one pulls the trigger on his analysis and an hour or day later the bomb drops you have to buy them back 20 - 40% higher... On the other hand those who pulled the trigger are smiling now, yet thats also being wise after the event. Some pulled the trigger in the lower teens and were cursing later on when we went to $1.30... Its a gamble, you win some you lose some...
About the wild west of order flow.
It looks that there is some kind of orderly flow of transactions because a lot of shares were traded in the same range, so if it were totally at random in the Grey's we would have seen much wilder price swings IMO. I guess there were no orders to catch cheapies above 20 cents. In fact someone called E-trade and the bid was at 0.015 minutes before opening. Maybe these were still the orders that were left when trading ended on Friday the 14th... But I'm sure opportunists are putting in real low bids and if the trading was totally at random we would have seen such trades, even if it were only to paint it down...
