Last 2-3 minutes were most of the volume on three of my stocks (longs) today, huge volume sell off (most likely short sales and covers all once, or?, IMHO).
ABAT (7.2 million shares, about 5 million in the last 2 minutes)
CBAK was climbing all day, up nearly 10%, back up over $1, only to get hammered down 8.5% in the last 2 minutes, when 80% of the volume went off with about 1.4 million shares in 2 minutes at the close. (obvious game playing, manipulation going on of some sort...so is this still Russel 3000 adjustments for the end of June? If so what does it really mean, did the Russell 3000 add or sell shares to rebalance the fund?, any way to tell for sure?)
HTM US geothermal power company also got hammered in the last 2 minutes, down on huge volume at the close. 98% of the volume was in the last 4 minutes, 1000% of the 90 day average volume traded in last 4 minutes, price was up 7-8% earlier in the day and closed down nearly 15% at a new 52 week low.
I think they all made new 52 week lows as a result.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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