Hold it. I remembered I bought CROX at 54, it went down gradually and to 45 in a panicking mode. Look at CROX now.
Don't panic. Keep your ammunition to pull the trigger if the shorties bring it down under 100
Why is because the float is so thin buyers don't want to run it up beyond what they want to fill an order. Aggressive buyers can literally buy it up so fast they couldn't afford to fill their own orders. Yes, you could say the same thing about buyers not wanting to create a sell-down to where they'd whack their own profits, trying to get out of their longs tonight in AH's, however that's not the case, IMO.
The reason I believe the scenario tonight reflect the former, rather than the later case, is the overwhelming reaction tonight is still net-net "up" about $5 from the close. If there were MORE people interested in selling than buying that balance in the AH's would be tilted to "red" side.
The latent, pent-up balance, in AH's tonight is tilted toward buying and short covering, which will play out to the upside tomorrow, as buyers/coverers come in the regular session. And do you really want to be short when the upgrades start coming in? JPMorgan is apparently the first, tonight. There'll be others BEFORE THE BELL tomorrow, as well as mid-day.
This has all the potential to surpass the old intra-day highs tomorrow. (BTW, the QQQQ's in AH's are foretelling an up move in the market tomorrow. This will only serve to juice the upgrades, and earnings beat.)
The JPMorgan article rerences the tremendous short position that will create fuel for further rally in VMW...It's interesting they couldn't pull it down in AH's tonight, isn't it?)