SP has been slowly, but steadily declining for better part of a week now. I’ve not sold a single share, yet.
I don’t believe the longs are parting with their shares, but the Johnny come latelys have. Day traders hoping to jump in and make a quick buck or 2.
If we don’t get good news by early next week I’ll start getting concerned. I am thinking we will continue to see this slow erosion in SP until positive results are announced.
The good thing is the shorts haven’t been able to have a big influence so far. Maybe they just aren’t willing to try. Fear of getting ******.