You feel that way, why the strong sell?
Or do you still subscribe to that buy high sell low philosphy that makes small fortunes for folks, but only when they start out with big ones?
Nope agree 100%
I have been saying for days MM is working it up and down accumulating shares. And doing a bang up job snatching shares at 39.50 I might add.
I thought there were enough retail shorts piled on this and going to bail at the close today to spike it green for the close. The spike up to 41.30 might have been some early covering. It would be foolish to ride this short for the weekend.
Guarantee you, this is not short-selling fueling this drop. I have been watching the MMs for RIG and CINN & PHLX for the past couple of weeks and the short sales are coded differently from outright sales. Looking at the block sizes, there is a big, consistent buyer at work. Everytime these block buys come on the tape, they lower the crap outta the ask to get the shares cheap (from the retail) to sell to the bidder. If you are seeing something different, please share.