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  • financefrau financefrau Apr 7, 2011 8:39 AM Flag

    The Bear Trap 2. Curse of the Money managers!!!

    Bid / ask are up at 134. Any idea why? Ever foxy says pumpers are out this am, but all I see is another negative alpha story.

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    • I was referring to the pumper "handles" on this site and a referral to an upgrade. I don't see evidence of an upgrade either, but the purported upgrader is a large institutional holder, at least as of 12-30-10. My guess is that institution would be selling into bounces.

      As you wrote, there is a "Seeking Alpha" post.

    • Target price raised to $170. Besides that, look at a 6 month chart all the way back to November and understand that MM's make money by writing worthless options and puts while planning on manipulating the stock price. Home players trade these options around as if they have value and then they expire worthless.

      This is a short squeeze... You have the smart money shorts who covered while the stock was heading towards the 50 DMA and then lemmings followed and shorted at the 50 DMA, then the rest of the smart money shorts covered after hours, raised the target price and now will buy the stock at the open, weak shorts will cover and the stubborn ones will hold until the stock breaks above $136, then they will be forced to cover.

      I could be wrong but I think I'm dead on. Iv'e said continuously don't short or hold puts into the close but holding options was not that bad.

73.30-0.06(-0.08%)Jul 31 4:03 PMEDT