(08-07-2013, 04:05 AM)SeKreet Wrote:
(08-07-2013, 04:00 AM)Optionray Wrote:
(08-07-2013, 03:50 AM)SeKreet Wrote: So why is PPS plummeting all of the sudden? Are the shorts attacking?I suspect some traders locking in some profits. Could also be some MM's trying to trigger some stop loss trades, knowing this is the week the news is announced!
Maybe I'm just a dumb guy but that does not make sense to me,... knowing/suspecting there will be (good) news, one wants to buy, not sell.
Number of scenarios for some traders
1) Buy on Rumor, sell on news - (Maybe someone jumping the gun thinking the pps reflects the news)
2) MM's - playing games trying to put a cap on the pps, or trying to trigger some stop losses.
3) Someone meeting their short term profit objective after buying in the 60's. What does Jim C. say? Pigs get slaughtered
4) MM's having to adjust price based on put to call ratio
I expect a positive close, guess we'll see soon enough
Also, I don't expect to see a real big push by the shorts until after the news release, twisting and turning B.S.