Because this is an pick sheet stock and it trades so volatile a 10% swing will get rid of the some of the PUDFA date traders, that is traders that are only playing the time frame run-up and not the decision. The PUDFA run up players figure they have 7 trading days to get out. Because the stock has profited nicely over the past 3 weeks these time frame traders figure rather than wait out the short time frame for hope of getting over 1.80 they get out now on a red down day and lock in their 30% to 70% profit. This mentality, plus the fact that SHEFF does have many followers causes the stock to drop 10% when a normal correction might only be 5%. This is a chain reaction. The major positive of this is that upswings will be stronger over the next week with many of these run up players out of the picture.
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