InvestorsHub Logo
Followers 0
Posts 5082
Boards Moderated 0
Alias Born 08/26/2012

Re: big-yank post# 682

Friday, 11/09/2012 6:41:59 AM

Friday, November 09, 2012 6:41:59 AM

Post# of 11256
Look for S/P pressure downward here as we approach the fiscal cliff. There are a lot of big holders that bought ginormous positions when this traded around 25 cents. They will want to pay the 15% LT cap gains rate if no deal is struck to extend the Bush tax cuts into January or beyond.

Huge volume will tend to drive down S/P in a linear correlation.