ALGO HFT WILL BE FULL THROTTLE BUYSIDE INTO YEAR END
Remember all those bid slapping HFT programs beating the snot out of this stock since early October?
Those will all be engaged in propelling the reversal for the next few weeks now. As PM try to take off the hedge shorts to get back to 100% or even leveraged net long without impaling themselves, it won't be too many days until we see this ripping back to $700+.
Of course, any corp news/actions such as upping the share buyback program, telling the world just when the China Mobile piece goes blaring or something such as they have the production curve back under control (telegraphing that conservative margin guidance was TOO low and that their "slam dunk" gross revenue number of $52B might be a tinch light LOL) will have these shares ripping higher.
so much for today's back and fill... Fun to see the shortstick gumps try to take it down.
They apparently didn't get the news that all the pro shorts have now covered and are long for the ride back to $700 by EOY and then up another $100 on the blowout Q report and china Mobile news coming any day now.
Short away gumpers -- but you will be crushed on this now.