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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,839.20
(
-0.04%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
85.67
(
-0.97%
)
Bitcoin
57,277.24
(
2.56%
)
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skydivers01

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skydivers01

Re: usmcbulldog post# 1431

Wednesday, 09/15/2010 6:22:20 PM

Wednesday, September 15, 2010 6:22:20 PM

Post# of 9646
That is the percent a number the market makers shorted. They very well could have covered some of those but my guess is not. There were buyers for the stock and instead of finding sellers through the normal way by raising the price up the makers figured they would short those shares and then down tick the ask and try and get folks to sell lower and then they would cover. We have no way of knowing how much they covered by causing folks to panic sell. I would love to see the strong buyers come in and make them cover that would shoot this thing up even higher...


Cheers

I dont think there is such a thing as "Smart Money." It seems more coined to get bag-holders than anything else?

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