Trading has been interesting past few days. Very similar pattern: Open higher than close (on heavier volume than normal), 12-1PM we see a surge in volume dropping the price below previous close, 2:30-4PM second spike in volume with close at or around previous close.

Until I begin to see (i) lower volume being dumped onto the bid (in my opinion PNP), and two green days in a row (for example), I do not intend to add to my position. Once this happens, I will buy more as end-Sept should provide upward momentum. Early Sept we may still face headwind with option exercise (if still outstanding) and macro environment.

Just my two cents,

Sandman