SP today

[Mountainbiker]

How does this sound? Fund managers taking profit on the other Chinese stocks that have done well and putting some of it into NQ due to its valuation, esp. the funds that sold into the MW's hit. Now they are getting back in? I think it is happening and will continue to happen.

[TrueValueSeeker]

In past few days, HF are quietly buying NQ without push SP too expensive for them. In the meantime, HF also defends SP once it reaches low of day as well.

[Mountainbiker]

A classic sign of accumulation, shaking out the day traders who bought at the high and bidding up the shares to avoid bear attacks....

[Mountainbiker]

Quite a bit of volume in the last few minutes, 300K shares or so walking the SP down....hmmm

[kshen]

Any thoughts on the price action EOD?

[TrueValueSeeker]

This is a battleground stock. Short sellers will not give up until a clean positive audit report is released.
They may already have short tem calls covered them as well. As long in NQ shares, you should
have deep out of money short tem put to protect you as well. Long NQ, be patient.

[TrueValueSeeker]

Quite a bit of volume in the last few minutes, 300K shares or so walking the SP down....hmmm

300K shares, SP still in positive. Kinds of interesting.

[kshen]

in the last 5 Minutes, Someone set a wall of 100K several cents above the lowest Ask, then flooded out the stops moving the 100k shares ask slowly as he went. Then we saw some big block buys near the 16.6 range But that 100k never got sold. Looks like accumulation to me

[TrueValueSeeker]

If you are not day trader, you should not set an automatic stop sell order too close to current stock price. These short sellers can see all stop sell orders and push stock price down to let these automatic stop sell order executed. For your protection, you can choose a level a little lower and still feel comfortable for your risk management.

[kshen]

You should not set stop loss on volatile or non large cap stocks period