03-06-2014, 01:29 AM
'Mountainbiker' pid='38715' datel Wrote:Notice that at EOD some momo money comes in to buy shares hoping for a gap up next day pending the release of "news". Once we do not see news by the open of trading, they all come out at once and hence we see the drop in the SP. It has been happening daily in the last two weeks.... we will be ok, at EOD we will be back up again, you can swing it daily...lol.
Mountainbiker, I would guess a majority of those shares traded at end of day are shorts covering. Then when nothing happens overnight, they sell (short) first thing in the morning, hoping it drifts lower during the day. Rinse and repeat......