Would not be so sure you know what will happen. Many folks in 2008 so sure market going much higher. Many in 2009 thought it was going much lower or that it was staying down for some time. Market still looks pretty weak. Be careful out there.
Few shares and little trading to move it down. Market makers have some plan. What it is I will know after the fact.
Waiting to see where it closes today. It is weak obviously.If it closes near 74 it may go to 72.50 area. They have been shorting FB since December 22. Still doesn't make it go straight down as they take some profits covering and then take it lower with their trading money while base short investment is much higher. Is looker like they take it lower as it trades in a channel of 72.50 and 82. Who knows? Maybe the 73.75 today becomes a higher low down the road as the channel rises.
Money being made on the short side. This 8 point drop was an easy set-up for the big money. They gave a little teaser of a bounce on Thursday only to be loading up at the end of that day for an even bigger drop Friday. Good selling again this morning after initial gap up. Waiting to see if they cover some later in the day or if we have another sell off.
The big money is short FB at present. When they cover it will go back up. Question is "When will they cover"? They are making money so they could take it much lower. They could could start covering this morning. Only they know.
Big money making more and more on the short side. Not shorting the whole market though so they are still colluding with the FED to not take the whole market down.
It was a short trade day for FB. They went short yesterday at the end of the day and knew what closing option they wanted to settle at. They did the same thing on a lot of trades such as MSFT and HPQ. Definitely a bundle making day.
That is what they are doing. When you have the power few people use it for the good of others especially if they are not going to benefit.
Today it will be interesting to see if we have a flush of the market on a Friday afternoon. MSFT is looking very vulnerable with this volume. They have had an easy time to bring it back down to 40.80 here.
They trade this every day for big gains up and down. Some days it has to do with fundamentals, some days with the market, some days with upgrades or downgrades and some days as with all days because they have the money to control the movement. Just be careful because they will win. They do not make over 100 million a day trading without controlling the market.
Nothing knew in that action. No surface issues with MSFT. Continues to make lower highs and lower lows so trend is still the same regardless of yesterdays bounce.
Last half hour yesterday they shorted a little heavier. Wow has it paid off today with more shorting and longs running for the hills. Beginning to look more and more like 2008 when the big money began shorting heavy. An implosion today on MSFT continuing straight down.
A very serious drop with volume! A lot of stocks went down significantly today on very heavy volume.