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S&P 500
5,937.34
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-0.21%
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US TECH 100
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0.00%
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43,153.13
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Doktornolittle

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Doktornolittle

Re: InforichIH post# 19285

Monday, 09/28/2015 8:50:08 PM

Monday, September 28, 2015 8:50:08 PM

Post# of 480625
No. Not a pump nor a dump. It went up on good news and the hint of more good news to come. Not a pump unless it does not pan out. It will pan out.

There was no dump. After the good news, the NASDAQ continued dropping. A constant, fairly steep drop that continued the entire day, only leveling out partly toward the end of the day. More than a 3% decline. That is unusual for the NASDAQ.

The XBI looked about the same shape, but it dropped over 7%. People finally got scared and started selling. That's all. No dump. No strategy. Just an unfortunate bad day for good news. Maybe some warrants sold... but not the big picture. The big picture was just a very bad day for the markets.
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