Look at how the short pulls the bid and the drop is quick. No buyers. It is the shorts covering a few and then the knife falls further.
When the big money attacks a stock they go down significantly. It is as though there the other brokers agree to stay away and not go long for a period of time so they short attack gets covered. You rub my back and I will rub your back. As you can see SYNA continues to make new lows for the day. Eventually someone has a number of shares that seems to be a prearranged sell and the short will cover a bunch within a small price range.
Prices are cutting into margins so this has permitted a short attack. When CAM misses it usually gets clobbered. Not in with both hands but a few share at 53.25.
You may be correct but they are not buying. Shorts covering a few. They pull their bids for covering and it drops 50 cents in a minute.
So we have had a bull market making new record highs and my great buy and hold strategy leaves me with a loss after this sell off today. Who would have thunk it. Yes it is a WOW!
Continue to take out the bid. Wow.
The bigger #$%$, the bigger the hero. Jamie considered a hero while robbing the public. Rewarded with bigger bonus's and acclaim. Now the country will raise the QE so the rich can become richer so when the fall comes they will be out of the market and the greater part of the public will be dependent on the government for everything. We already see the control of the government in that if more debt not given it is whoever has the final decision considered at fault. The newer America is not going to be the home of the free and brave. We are moving back to the time of serfs and slaves. Rather ironic that Obama becomes the leader of this new beginning called change.
Unless you own them. The financials are making a killing both ways with all the money they are receiving from the printing press. They go long their own stocks and short other sectors like home builders and make money both ways. Obama's continued rhetoric regarding the change for the little guy. He will continue to send our kids to Afghanistan so their weapons can be stolen or given to the Taliban so they then can kill our young Americans. The leaders of the country are insane. Money and power have become so important that it does not matter who they hurt. Very sad state of affairs..
The financials now have so much money available that they are doing most of the trading. They collude with each other and control the market. Now the biggest and easiest gain in town is trading. Making 100 million a day or more trading results in humongous gains. Now they may have to short this market for a while as it is getting a bit absurd. Record market highs while many in America suffering is somewhat mocking the majority.
Raising debt limit and continued QE continues to put more money in the system The money goes through the financials. They make more money trading and there are more transactions resulting in more profits. Will see them going higher. No fear of any serious reprisal for fraud or corruption as we saw with JPM. The rich that are in power have always looked out for number 1. They will make sure that they will not suffer. Far cry from the founding fathers that founded the country.
Have to admit I wasn't expecting the drop in FAZ to be this quick. Another multi year low as we close this market today after negative revenues in GS. They are no longer concerned with the SEC after they let JPM off with only a fine. Will only validate more fraud and corruption within the banking system. With the too big to fail and the consequences for causing any disruption in the system it is obvious that the financial institutions see it as a free pass. Looking for higher prices in C.
Now more money to be printed and financials will continue rising. Of course all know this is going to end sometime with an awful thud but not yet. In the mean time short FAZ and buy FAS. FAZ made another multi year low today with numerous more to come before February. WE who do not control the market are saying that this is crazy. Those that control the market(financials) say that this is easy money for them. Looking for financials to continue moving up albeit not as quickly as before while FAZ makes lower highs and lower lows as FAS makes higher highs and higher lows. We have had misses on the revenue side from both C and GS yet no big downer. GLTA
FAZ continues to make multi year lows. Will not be that long and they will need to do another reverse stock split. The big boys continue to make millions every day trading these ETF's. They buy the financials, short FAZ and go long FAS. For them it is like playing monopoly by themselves assured of making money as the just give it to themselves. It is no wonder that they make 100 million a day trading.
Of course it will be the financials. The money goes through them. Look for FAS to higher and FAZ to go lower. The president has made this very clear that this is going to continue happening on his watch.. He gives rhetoric concerning the little person but his actions dictate that he will keep them poor and dependent. Financials will continue to be able to defraud the public and be rewarded., debt ceiling will be raised in the guise that the discretionary(not needed) worker will be out of work, QE will be continued as the big banks are too big to fail and bodacious bonus's will be the reward for these crooks. It used to be China where this took place now the USA has surpassed them. Good luck to the diminishing middle class as they become the next generation requiring food stamps.
They hold the citizens hostage then blame it on a political party. WOW and in the USA. We have come to a new low that does not bode well for the majority.