Could someone smarter than me explain the relationship between the two? How much of a relationship exists? I have traded both recently for some nice gains
10 am central = 11 am eastern 9am mountain 8am pacific
Long here. Good luck.
Although, I would tend to agree that OCN has been manipulated, I don't believe that THIS MORNINGS halt was "manipulation", necessarily. Trading volatility halts happen all the time. I.E. if a stock moves x-percent (up OR down) within y-amount of time (not exactly sure what the figures are, but you can look them up), it WILL trigger a temporary trading halt ONLY in that security (for 5 mins I think).
IMO during that time this a.m., a bunch of shorts decided to cover all at once, and 'blew the circuits', sort of speech. Now, you could make the argument that, Did the shorts "blow the circuits" on purpose?.......hmmmmmm IDK.... Maybe. You never know what goes on behind the scenes.
Good Luck. Long OCN and ASPS here.
Agree. 31M shares traded and barely above 7? yeah right. This thing has been manipulated all day.
I am long.