Amrsto1000, I hope you are right, and there is a good chance that your are correct in your expectations, but I would want to remind you to the strange things we have seen with HALO and HGEN where on good news they simple dropped as a falling knife.
OK, they both recovered from it, because probably there were players at the bottom of that drop, but to sell you must first buy.
If however, the buying we are seeing here is actually part of shell filling by IIs, then that liquidity is gone and it become ever more difficult for shorters to close their positions after the MM will allow them to sell short and let the PPS go down to catch as match as he can eat, to then serve the buyers way up for whom he was filling.
We've seen such a stunt, IMO, this morning.
So, I am with you for the reasoning and sentiment, but want to stay cautious. I we go up I'd like to stay up within the boundaries of regular up/down waves that stocks must make.
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