Replies to post #407 on Reeds Inc. (REED)

[up_and_down16]

This is a nasty one day drop. Volume is heavy but not that heavy. Also number of O/S shares went down to 11.3 M. Institutions are not selling it seems. It will kind of flatten out here it seems for some time before resuming an upward trend. It is closing below its 50 day MA which is at 7 currently.