hi guys..the sp move i believe was created by traders and flippers. we were trading in the hundreds of milions just a month or do ago. not everyone bailed. some have come and gone and back again. why not? a predictable traders paradise!
its predictable because its real. they have product. those who know how to read charts know when to get in and out and back in again. but they need to show proof of all this news to bring back those guys to move this and to attract new big $$$. we do have one problem for the lack of news and that is that toxic loan they want gone. any substantial proof will create a huge panic sell. they need to buy out that note first. clean slate.
yes in the interim we could see it slide but its been holding so far. it will present a nice buy opp if it does. thick skin is required here to ride it out. heck if it does run wash rinse.....maybe another repeat until official news arrives.