institution holds 23 millions shares; 46 millions after Tuesday, not to mention more than 10 millioms more by hedge funds. Who wants to see the hefty profit disappear?
when they bought TIE on the way up from 50 to 80, they bought tons of 50, 60, 70 puts to protect then longs; put/call ratio is 4:1 to 5:1.
when they unload the longs and lock in profits, they are going to use the proceeds to short this high flyer back to dirt to make as much as they could as options expires next Friday. That's why that is not much resistence when TIE went up from 50 to 90+. 72, 68 are two type 3 resistence, not strong.
correct? that wharton or mit nerd? oh, you haven't finished your homework, your mom doesn't allow you on this chat room.
Next Monday will beLast day to see 80 or 40 after split. longs will eat each other to rush to the gate.
blue Monday, bloody Tuesday, purple Wed, take a break on Thursday (some clueless longs will buy more, buy on dip sell on crush), then black Friday.
Looking at the chart, I think it will hit $72 before it hits $90. I came about this by simply connecting some dips and extending the line. I think the past two days in the market are a shake out where it is telling people they need to pay attention to the risk as well as the reward.
People have been getting a seemingly risk-free ride on metals and oils, and small and mid-cap stocks for quite some time. So I think there will be a shakeout before we go higher.
I think Monday is down with small-caps leading the way down, especially small growth stocks.