time for the new York mm or investment banker or short hedgie to come back and start to short it back to yesterdays close. over the last 3 days it is that predictable.
They've already started walking it down. Low volume, nothing much can be done.
It appears there is to much upward momentum for them to take it down like they did yesterday.
Sentiment: Strong Buy
You spoke too soon. Not much volume. With low volume, anything is possible.
They don't need to take naked short routes, this weeks option spread points between $52.50 & $55 Puts.
Decided to play their silly game, Sold Oct $52.50 Puts @ $2.30 today.
Can't lose get shares @ $50.20 or keep all the money for anotha play.