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Re: litton51 post# 36455

Friday, 09/24/2010 2:00:16 PM

Friday, September 24, 2010 2:00:16 PM

Post# of 60937
stalled technically after opening, capping chart pattern developed.

CLYW gapped up to open, made high for day, was shorted by marketmakers back down into $0.14-0.16 range. Day traders see chart pattern and think the stock is topping intraday. They know stock was shorted back down into this more familiar range.
Seems day traders are running the show today, supporting the stock after having shorted it this morning, hoping to get small or close out for weekend, may lead to strong close, may not, have to peek at traders' positions vs. what they want by close of market.
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