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.
In this market I am just trading. Oil could go down a bunch more. Look at NOV and CAM today. COG has come back a dollar and may go lower.
I just sold 1,000 at 27.02. Am holding another thousand which I will let go at 26 .90. Do not have a price to sell it higher. Will observe the price of oil while observing the buying and selling patterns. May hold it over
Sold at 26.55. They have hit COG worse than most so thinking that they play around a little here before lunch. Oil has went back up some but not much movement up in COG. I bought double what I lost so nearly even now. Bought some more at 26.35.
This was a short last night at 52. My goodness, yhoo had already told everyone what they were doing. When they made it official they gapped it up and began shorting. This market is just a monopoly game for the less than 1%.
Admit I was looking for support. Foolish play. Obviously I should have went short. Held until 27 and took my loss. Looking for a bounce . Volume not particularly heavy so think they may cover some. Bought back at 26.10. We will see.