When u least expected, 180 degree on a dime
That is how they create volatility and mess with programmed trading and margin calls both ways.
Wednesday, rally in ernest- IMO.
Sentiment: Strong Buy
FB is dropping like a rock. Even with some big buys, it cannot hold support.
Now I have no idea how low FB can go.
May be $15 is not a bottom. It may go single digit....
Too many July calls were sold; this thing is toast. See you under $17.