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  • everfoxy everfoxy Apr 8, 2013 4:48 PM Flag

    "Bots" at work?

    After hours the bid has lifted to be closer to the ask. Is the purpose to scare shorts into covering above 137.70? Don't play into the hands of trading by "bots." Longs could benefit by grabbing 167 as a place to sell shares that are held long. It's possible that bid would fall quickly if there was more than one attempt to sell at 167.

    When a likely "pump" posts about stock prices below where they are now, then it's likely that institutions that have long shares to dispose of expect the stock price to decline (and are just trying to set the expectation that the downside won't be a great and many of us here expect it to be.

    Have a good night. Go Blue!

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