Guys this a game short play
mind you short are long also so they play both side.
If you are a day trader is one thing but if you are not buy all you can That what I am doing
from 42 to 29 on no news and for no reason
The market always try to flush the weak hands
Did you notice when ACAD was going up from the low 20 all the positive news all the buyout articles.
But we are going down you hear silence only GLTA
3.8 millions shares
Plus 2.9 millions shares after hours
The total volume without the last trade was 2.9 millions shares
The last trade was over 3.88 millions plus 2.9 millions after hours trading
The last trade was more then 1 millions shares of the total volume on Friday.
Total volume Friday in trading hours little over 2.9 millions shares.
After hours the total volume was over 9.5 millions
It can't be rebalancing more the day volume
There are just not enough shares to do rebalancing
I just bought some
But to be fair here this stock went up only on buyout rumors so now trader took out all the hot air
and the stock back to were before the rumors That all
There are some also believe that Google are the one that put the pressure on Mr Wu not to go with the buyout
If I am not mistaken Bank of America was the big driver for HIMX stock at the time.
I guess the new about the buyuot