Posted On: 01/04/2016 11:08:05 AM
Post# of 22940
$TPAC Pretty obvious how shorts have been playing the intraday chart. They let the bulls run it with buying pressure at opening bell. As the buying pressure seems to peak and start diminishing in strength, they start the short attack, driving it down, usually around 10:00am or somewhere in that vicinity. The price drops, and some cover, and buying pressure often begins again as cheap share on this one are hard to come by and much appreciated by longs and traders alike; the cheap shares are also welcome gifts for the company's ongoing share retirement program. It would be very strange to see the start of a downtrend with the Boeing meeting taking place on 1/8/16, just a few days from now. I think we'll see some serious loading this week.
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