Correction.
posted on
Feb 23, 2021 02:50PM
So, the “hit” article by Catherine Traywick did that dirty job, (and she called LAC by name!) guess she helped some of her buddies on a Wall Street with option expiration this week.
I can be wrong but nothing would surprise me with algorithm trading big market machine which can easily manipulate little guys investment, just look at LAC SP suddenly dropping to $16 , (here goes someone’s naïve stop-loss position ) and miraculously recovering back to $18.
I always thought that we had $18 as last resort support but $16 ?! Give me a break, obviously AE (or AL) can see all stop-loses and sell /buy what needed to be done to get there, and take those shares away. Call me paranoid but I don’t use stop-loss any more.
Regardless, LAC is oversold but gap will get filled, SP will be back at $20 sooner then later.
All ahead thru the fog.