GOOG has typically traded higher in after hours trading following a losing day. The MM takes advantage of after-hours "bargain" hunters who think "this is the time to get in."
Tonight, however, we see a continued sell-off. Add this to the blatantly manipulated flat mid-day trading and you've got to wonder what's really brewing.
Can we finally be nearing capitulation? I though they would find a way to delay it until opt x, but pressure is clearly mounting.
"insiders will tell you when."
INSIDERS get their stock for FREE, IDIOT!
No offense, but ... what the
Jesus H. Christ.
I think we're nearing capitulation, but that is liable to be close to $300 IMO. We are seeing a massacre of Google unlike any this 'angel' has ever seen. We no doubt will get sharp snap-back rallies, but right now I think the market sees Google stumble badly and they want to 'pour it on em'. Big ass gap from 303 to 333 looks to get filled. 333+ is also 200DMA, which Goog stock has never hit so far. We're liable to dive below the 200 DMA and then be set for a snap-back rally.
I had to look it up??? It least I am learning something on these boards. :)
A military term. Capitulation refers to surrendering or giving up.
In the stock market, capitulation is associated with "giving up" any previous gains in stock price as investors sell equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling.
After capitulation selling, it is thought that there are great bargains to be had. The belief is that everyone who wants to get out of a stock, for any reason (including forced selling due to margin calls), has sold. The price should then, theoretically, reverse or bounce off the lows. In other words, some investors believe that true capitulation is the sign of a bottom.
I'm thinking that people have come home, lit up their computers, and started panic-selling. We noticed this twice already today - once at the open, another time when the West Coast traders woke up - it would be natural to see the "shock" hit again in AH.
One other thing is that based on my subtraction (19,733,000 shares total less 19,706,000 shares in open market) there have only been 27,000 shares traded in AH.
I still think that with a little luck we can come up off 345.70 (the close today) in pre-market and get a nice rally tomorrow or the next day. Too many puts out there mean disaster for options writers.