cheynew, EXACTLY and that is good for us.
BTW they should ON AVERAGE be at a loss at this point as the largest volume was at 67,66 and 65. ONLY few at 64 or above 68 cent.
The Ask is quite dry, so MM's will be waiting to serve it at up-marks. For now some are still injecting short-sells at the bid. This slows the UP direction down.
Furthermore all possible stops down to 0.64 have been removed at this point (if there were any). So all short-sell intended to bring us down will have to work on OWN STEAM down to 0.64$ before any other benefit would occur (new stops). That is a HIGH RISK because we are talking about a 3-4 cent move on RISK.
If we are dealing with amatory-pro's doing this they may be tempted to do it again trying to bring the PPS below their average short price. Pro's are out immediately or end-of day after assessing a short burst they participated in.
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