Wow what a crazy day at SLI. It is like I hit a nerve when I mentioned it was a quiet day on the board. The forum come alive and so did the trading. Made for another interesting day on the SLI ticker. Good discussions everyone. thx!
There is an answer somewhere to what is going on with this resistance level or resistance team. I don't get it myself but there is something there. There seems to be a purpose for a group of houses to want to keep this sp down. I understand that some folks will want to pull profits (I am ok with that) but this is something different by the timing and behavior of the trades and then the ask submissions right behind these actions. The bids went through to 1.93 (2x) then it came back strong as to make a statement of sorts.
Is a guy thinking too much on this or do others agree that this is odd?
Go Long