I see it like this... people are confident in the market coming back up but not confident enough to let profits sit on the table too long. Many are still spooked easily too. This adds a layer of pressure across the board that can hamper pops like Hayz has seen.
The worst hit stocks just starting to turn now almost look like they are "re-building" ... trying to establish solid ground in what is really new territory for many of them.
HAYZ has been going through a tug of war all day but the fact remains that it has done very well over the past week and has not nosedived. Dips in price do not mean death.
Whether it starts to slowly crawl back up from this point, or takes another nosedive before jumping again - doesn't really matter if anyone is in it for the long term.
It looks now like the pressure is picking up more this afternoon. I'm betting that HAYZ continues to move upward with only minor dips from here on out with another possible big jump soon (next week).
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