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Re: beachcomber1 post# 811

Wednesday, 07/18/2012 11:39:30 PM

Wednesday, July 18, 2012 11:39:30 PM

Post# of 2495
Beachcomber1 you are correct, it did hit $1.01 during aftermarket trading. Yet, it did settle up at $1.15 aftermarket.

Perhaps it was heavily shorted on the way up? I have to say that it was a "perfect storm" for shorts... btw, i personally am not a fan of and would never partake in shorting. It is "anti-investing" IMO... but to each their own.

Anyway, we will find out a lot tomorrow during intra-day trading.

FWI, aftermarket trades are primarily conducted by financial institutions, brokerage houses and of course hedge funds. Some retail traders do get involved... but because the pps volatility is very high, most don't.

I wish the best of luck to everyone!


-ntropy