only to find the SP had retraced all the way to $ 1.66, recovering to $ 1.80. Shorts are getting nervous, and are beginning to throw the brown stuff to the wall and see what sticks. Obviously trying to weed out the rest of the stop losses, before taking this higher.
Brokerages have Level III and thus know where the stops are.
FYI, Stop losses become market orders once the strike price is hit. So a short can buy 100 shares of a 10K order at the strike price ( stop loss) and just pick up the rest at market prices. You must be careful when using stop losses.
We are in good hands. Patience is required. You have come this far and nothing has changed with the company and its progress.
the correction I thought was over, is still in effect until the shorts have weeded all the nervous nellies out. The NN's are attempting to protect their capital with stop losses. Doesn't work on the venture, since the venture markets are thinly traded.
All IMO of course.
GL.