Seriously. Why is anyone selling at this level? Its no longer the shorts shorting. They can't possibly be that dumb. Its the longs magnifying the drop in huge volume but who the hell is that stupid?
I guess only answer is institutions selling a modest % to "de-risk" that adds up. So they're forced to do that by their own rules/approaches. This is the only answer to what's taken it below 65.
I'm buying to prop up and won't sell a share but come on. Stop selling already. $60 HAS to be rock bottom.
Sentiment: Strong Buy
ok so obviously now it's the broad market selloff magnifying...
I'm buying more @60 now.
it wouldnt surprise me if Mr Bailey himself was a seller, LOL
may end up with 15%of shares trading hands today.
It isn't just QCOR - the entire IBB is getting monkey-hammered today. This is NOT the dip you want to buy when the major indices are (thus far) doing what appears to be a major intraday reversal.
There are 2700 option puts expiring at 60 today
that's only 4% of today's volume - not it
sell before the weekend. Sundays are notorious for bad news.