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Re: None

Thursday, 05/23/2013 9:29:56 AM

Thursday, May 23, 2013 9:29:56 AM

Post# of 46837
This is just a wild guess based on the psychology of selling. If you want people to sell into your hands at cheaper prices, first you drive the price up with some big buys, and you let those buy orders sit on the bid momentarily. All of a sudden people start thinking about selling at higher prices, and about the next stock they will purchase, and the sell orders get put in. Then, you remove entirely those buy orders off the bid and flippers and profit-takers who anticipated selling that very day start to get nervous. Instead of walking away and waiting to sell another day, they sell today, at lower prices, right into the hands of those who want to cover or buy cheaper. This could be entirely wrong, but is what I think has been happening the past 2 days, including this morning with the premarket action.