It is indeed mesmerizing to watch the price action early this morning.
CCME: Green. buyers (insti, retail) battles the sellers (short + some IBD based momentum players.) The dip to 15.4 was met with strong buys very quickly.
UTA: 5.07, +0.2 or +4.4% In breakout mode. The stock is setup for a run upward. With a PE of less than 4, this stock is a tremendous value. The pure shorts has already lost the battle, it is just a matter of how much lose they could endure.
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