If things are soooooooo bad, why did the market award LVS with a $3.69 rally the morning AFTER they missed estimates????? Because they KILLED it in the amount they put in their pockets. Known to the average Joe as NET REVENUE!!!!!!!!!
Because small investors jumped in for they hope China NY would be huge. Now CNY is gone and the Feb numbers drop despite huge traffic in mass gamblers. In stock market, pps is commensurate with certain expected growth. If growth is not there, market will dump the stock.
It's mass hysteria now.
Only retail longs are selling, not much firms' shorting. Of course, if retail investors continue to panic sell, they will short again.
From HK, firms have not been shorting for 2 days now, but the market is tanking.