Sat, May 25, 2013, 10:51 PM EDT - U.S. Markets closed
you are viewing a single comment's thread.
Mr. iHorn created a tsunami of selloff, which now has become a pure technical downward trend. CMG is in a early stage of selloff snowball effect. Once big institutions starts to unwind their positions, oh boy, nobody will be able to stop it.
Tomorrow two things will happen:
1) Margin calls = sell off
2) new shorts will pile in
Do you think iHorn will cover at $256? He will cover at $120 if not less.