A bit tedious... like too much blow by blow, but I just wanted to make the point that a short player is not made into being a short player at the point he gets bested and is in a big time squeeze. A lot of the time, these guys who are paid to play this game of trying to dampen enthusiasm actually succeed. So, this guy gave it the good old college try for a while. Got annihilated by the EOD, mind you, but at that juncture, he was in there swinging.
Boo hoo..... NOT! LOL
Also, I want to explain the big-ass red candle at 15:26. It was ACTUALLY a major buy. Here's what happened.
There was a buyer at the ask (1.35 & 1.36) at the start of the 15:26 candle that closed the minute at 1.33. It wasn't actually a down event.
What happened there was that somebody stepped across the bid and BOUGHT a net of 200K shares at the ask at the front end of the minute, but the shorter managed to force the minute to look like a down candle on big volume of 214K by hitting the bid side of the spread after the 200K buyer has done his thing. So the buy of 200K happens at the start of the minute at 1:35 & 1.36, but then the short artist hits the bid side at 1.33 and the candle closes the minute looking like a big ass bad event just fired off.
So, there again, the guy made it look like there was 214K coming OUT of the momo, when instead, what was happening was a buyer was STEPPING ACROSS THE SPREAD TO GRAB 200K SHARES AT THE ASK.
The shorter managed to make a good event look like a fail.
Didn't work, LOL, but thats what happened. I watched it happen.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
