Generally on these low volumes days we see the MMs walk it down to create more selling. I'm encouraged over the last three days as each day the bulls have held firm and we've seen the SP advance incrementally or remain basically the same. It may suck for day traders and flippers, but this tells me that a portion of the float is locked up in strong hands with a refusal to sell. It also tells me that the pre-order numbers release may not already be factored into the current share price. This may allow us to avoid a sell-off on the news, and instead see a strong move forward. The higher the numbers, should the CEO provide them, the longer the run next week or the following. Should we just get a general 8K announcing e-commerce kick-off, I think the stock will drop on the news.
Good signs today from BMXC as we generally put in strong Friday's. Next week would be a foolish one to be short, IMO.