That's exactly what I just said earlier. they have taken Momentum out of the -momentum. They have given the field back to -the shorts.
what matters is that, with this news, they have brought the momentum to a halt. They have taken the uptrend out of -the uptrend. They have put the Shorts -back in charge! That's the way I see it.
If Offerings is priced at 5.10 then, take another 0.20 points off of that because of the MMs, and another 0.50 because of the exodus of the flipper traders. Mark this.
AH is no impact to fellow longs. Pre-Market, tomorrow however will make some peep sweat bullets