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Re: jc2553 post# 12947

Thursday, 05/06/2010 9:41:40 AM

Thursday, May 06, 2010 9:41:40 AM

Post# of 48931
Yeah, it'll bounce. I've seen this happen in the first half hour of trading when news like this hits and there has been thin volume and a lot of shorting.

Once the tree stops shaking, we should be ok. I'm not sure how many they were able to dump yesterday, but hopefully they're almost done.

The thing is...(for the non shorts anyway)...they could be taking a MUCH MUCH higher profit. So, kinda stupid. Not only that, but they were already selling at the ask anyway.

Some traders are stupid.