SP today

[admin]

["Wait at end of day. It may not be a red day."]

Seems truevalueseeker was onto something

[TrueValueSeeker]

["Wait at end of day. It may not be a red day."] Seems truevalueseeker was onto something

I do not know how should SP performs. I just base on almost 100% float share owned by institutional holder, Plus Toro and Altimeter has a huge position in call  options. And  short sellers almost can not borrrow more shares.  It is a easy job for insitutional long to support SP.

[kshen]

Lots of bets placed on audit news this week. I went long some far otm calls for Jan 15 today. Got my order filled 4 minutes before the afternoon breakout

[Mountainbiker]

Feb 28 seems to be a good day for news....my gut feeling....

[Spacchiusu]

Feb 28 seems to be a good day for news....my gut feeling....

I tend to agree, it's a day after the Mobile World Conference, I'd imagine they want to wait for that to be over if it is something significant with Tencent or someone else especially. Tomorrow morning is hypothetically possible since tomorrow is the last day of the conference but I was thinking Friday too.

[TrueValueSeeker]

Based on EDU audit report, it was released at end of month when market was closed.

[TrueValueSeeker]

Nice, slow and surely uptrend. That's a healthy upward.

[theotherbarry]

Nice, slow and surely uptrend. That's a healthy upward.

http://quotes.wsj.com/NQ

1.28 positive flow, haven't seen that ratio in a while.

[TrueValueSeeker]

Today's support price around $20

[TrueValueSeeker]

Last Trade 15:59:59 $19.92 27,300 shares. Pro Adjust close $19.95.
Long insitutional holder clearly defends SP. Today maybe last day SP close below $20.
After today, short sellers has no chance cover under $20.