if all longs have limit orders in...sells will out number buys like 4 to 1...possibly spooking other longs and driving prices lower.
Yep, then its look out below because it will fall fast when the panic starts.
Plus no buyers at Level 2 , wait till the sellers will drop thier ask
I will take a look at MSG. I am hoping to short another 2k of MAGS at 30.25
this is the basis of my opinion.http://finance.yahoo.com/q/bc?s=MAGS&t=my&l=on&z=m&q=l&c=
You don't have to be greedy ,taking profits is smart , still I see a long way down ...I like your thoughts on the chart and L2 are u getting online on MSG ?
what is you bases for the 27.00 level at the close. Or is this just your opinion?
you may be right but I am not greedy I am out at 27ish.
There are no deals , I see $ 25 today !
Yep market has moved up a lot and MAGS is stagnate. I am guessing 27ish close.
it will only spook shorts if they cannot short my sharesa sell order at limit at **$150 GTC** is a good thing for a long
I can't wait for tomorrow morning, after todays transactions settle, so I can short some more