Replies to post #15309 on 22nd Century Group Inc (XXII)

[Atlanta1]

yes, of course - also: classic "selling on the news", selling on Friday, and selling before a long holiday weekend.

It's an opportunity to add.

$XXII

[TheDane]

I think we have various reasons for this...scumbag shorts who write "research reports," MMs have their own short positions to fill after two high volume, wild swing days, sell-on-news behavior and fear when folks who bought in just yesterday or the day before decided to get out when they saw it dropping after the news.

IMO they could have waited until Tuesday for this news and we wouldn't also be fighting day-trader-weekend-exit-itis.
No plan is ever perfect and XXII had the right idea to make the Geo types have to grab their ankles, so to speak.

Go XXII!

[Justfactsmam]

more than 2 million share transferred under $2.50 two days ago...so profit takers will certainly come in at above $3...with high vol today their shares will be absorbed quickly at a higher level...IMHO...by investors vs. traders...