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Re: lovethatgreen post# 3091

Tuesday, 08/28/2012 5:00:48 AM

Tuesday, August 28, 2012 5:00:48 AM

Post# of 16750
Maybe...maybe not. It did appear that the recent normal amount of buying was offset by shorting and the spate of buying in the last few minutes is what kept it from going lower. The RSI is not TERRIBLY high but stocks with this kind of run are usually targeted by shorts which, due to the uptick rule, stifles upward pressure and without sufficient buying interest to offset it, "normal" selling will drive it down. Obviously, all of this assumes no cataylst in which case all bets are off.