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  • nyctom_2000 nyctom_2000 Oct 14, 2011 12:56 PM Flag

    Morning Gap-Ups Are Killing The Shorts


    "Yesterday gave me some hope but after seeing futures rise again this morning I figured I had to get out. At least I covered close to the low today. The volume on the leveraged ETFs (long and short) indicate that there's still a good amount of shorts out there although they do appear to be diminishing."

    I did a calculation yesterday to determine what the price of SPY would be if all shorts had to cover in an orderly manner and came up with a $145 number. If I can calculate that number, you know that the market makers can also calculate that number.

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