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big-yank

11/09/12 6:41 AM

#683 RE: big-yank #682

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.