I have had standing limit orders in @$2.01 and $1.95. Today I got filled on my $2.01. I would very much like to NOT get filled on the $1.95.
I don't know if it was in the open forum or in response to PM's, but I believed strongly we would needed to break $2 again before we would move up strongly. Yesterday's "break" of $2.10 was not volume confirmed. I was hoping to get that today, but if we dropped I wanted to see a capitulation and stop run with a quick recovery. I missed the morning action but the drop from $2.03 to $1.99 was too ordered and the recovery too mild so I suspect we will see another push down. Although there were some moments of heavy selling I could interpret as retail panic selling.
That said I think this is all "games" and "shake outs" and no indication of a distribution sell off by major players. A smart investor would be buying in increments as we drop. I think the MM filled his orders the other day and is now playing the house money games. Most retail investors, unfortunately, are not nearly so patient as those on this board. The more the MM can get people to sell, the more buying opportunity they create for smart money.