Peng, I am confused at the huge volume, could this be dilution? I really doubt flippers can cause such huge volume that we have seen in the last 3 trading days.
down 61.67% for the day and closed right at lows. Doesn't look too promising for tomorrow IMO.
Think many frustrated longs were selling early in the am and day traders pushed it up for the bounce. Once they got out and stopped supporting it crashed right back down.
Now you have all the longs that been buying for months and are stuck huge. Everyone that bought this for a swing trade after tank are down too if they didn't sell yet. Many that averaged down bigger after crash are probably panicking by now. Add in risk of a possible halt and this is one ugly scenerio.
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