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Tuesday, March 31, 2015 10:08:18 AM
Of course today is month end so the monthly "end of month walk down is on".
The closing price today reflects how traders positions look. For a short position a higher trading price can get them heat to cover or add more margin security. On the long side of course and short wants to make sure the statements for everyone are not really going up. Even if there has been gains all month. A discouraged investor is a shorts favourite investor.
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