Re: 30% in two trading days
in response to
by
posted on
Apr 21, 2014 04:08PM
Spygate, it was healthy on the way up, but not on the way down?? don't understand. MM's were caught on the short side with the big buyer coming in the last 6 days. Now that the big buyer has his fill, the MM's stepped in and took it down to cover their short positions. No one likes it. Many stop losses got hit in the last 2 trading days.
there is a really hurray to cover their shorts IMO. Fear is working on both sides, short and long.
IMO.
GL.