Herd mentality. AUTO (ax-man) was nowhere near the ask this morning until the lemmings began to bail. And guess what? Mr. Short is back in play.
God, I wish I had the time to play this game. It is only a matter of time before enough amateurs buy into a stock and the net gives way. A person just needs to have enough cash and time to play the sentiment, then cash in their profits.
Sellers this morning simply set the clock back and recharged Mr. Short for Round (what is it now, 5,6,7?)
The only ones who should be blamed for the share price are the ones who sold this morning. To Mr. Short I take off my hat. You're OK in my book.
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