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Re: protrade7 post# 41088

Thursday, 11/01/2012 12:35:37 PM

Thursday, November 01, 2012 12:35:37 PM

Post# of 238889
No news, no reason to cover at ask

Without news, there is no impetus for the shorts to cover at the ask, so I think they place large sell orders on the ask in the hopes of spooking others to sell into the bid, where they have their cover orders in place.