I believe that the shorter's played yesterday with a significant price drop. If you look at the daily action there was no real buying by them at the close of the day at the lower prices.
I think this means that this could be a multiple day shorter's play.
The market is about to open as I write this. I expect low volume sales from under 1.57 lowering the price down to the low $1.50's.
With a few strategic mid volume sales prices could fall to under $1.50.
If this is a two day play significant buying should occur late in the day. If its a three or more day play then the mid to low $1.40's could be achievable. If that happens I'll be in myself.
TFC Price at posting:
$1.57 Sentiment: Buy Disclosure: Held
