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Tuesday, June 18, 2013 1:27:13 PM
There's the answer. Now I get it. Thanks a lot JoeN.
So what happens is that they massively short the stock in the high 40s just when it was about to break 50 without letting it touch 50. Buyers then get frustrated and the stock begins to fall (like what is happening again right now). When the price no longer wants to go down because there are no more sellers (high 30s when i bought in the last time), they cover and the price goes back up. Thus, they lock profits on our investment. They've been doing this for the last 3 cycles and will be doing it again now. Once they decide to let it touch 50, they will then let it run.
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