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European

08/16/13 6:37 PM

#41044 RE: xlt leader #41043

Sorry but what news can come out monday??
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nsomniyak

08/16/13 7:07 PM

#41054 RE: xlt leader #41043

agreed - options expiry had something to do with this close.

Just like GOOG is fighting a "defense in depth" against VRNG, trying to make a stand on every issue they can, so are the shorts fighting a "defense in depth" at this point.

Options expiry is one line they can defend. The good thing is that it is entirely a coincidence of the calendar, as opposed to anything fundamental.

I love it when the calendar distorts prices. Because time passes.