For days now I have mentioned the relentless selling 3.40-3.45. Since the new CEO was announced close to 200 million shares have traded, almost all within that range. I may be wrong but there is approx. 890 million shares outstanding, and if so a goodly % are in different hands today. What does it mean? Wish I knew. Maybe next week a few big boys will clean out the sellers in that range.
In an effort to clarify that I am not a complete idiot....it's a word from the movie Blades of Glory (2007). Obviously it was created from the concept of mind boggling. You can thank Will Ferrel for the insightful new word.
Mind Bottling: when things are so crazy, you get your thoughts trapped, like in a bottle