I am very much on your side. I feel though that the shorter is playing an ambush game. They are not playing their final cards until they can see which way this swings, and by what degree. Personally you can see that by their recent absence from the BB's. The buyers on the other hand have the upper hand and don't really need to do very much at the present time, as their resources far outweigh those of any shorters ring. The only thing is to use it wisely and time things precisely. The chart is panning out into a straight line. A real tug of war between buyer and seller. It has to break soon and confirm a direction.
Its common knowledge now to all buyers that when it hits 60p someone sells. So question is how long can they keep this up?? Once it stops, its not a sign to go jump in immediately. I would wait if you are buyer for signal from the company. May you reap the rewards thereafter.
2Waytraffic stock quotes
2Waytraffic stock charts
Follow this thread
