RE:RE:interesting patterns
No not really... its not often about how you look or feel in the big game, decisions are more about how much money you make! Orchestrated rumours are more and more common these days in the Hedge / Active fund community. They use rumours to help sway momentum in the direction of their trade. its slimy but it works, particularly when supplementing other factors... like the stock being in a somewhat vulnerable / overbought condition like PLI was on Tues. They knew there were alot of guys with big unrealized gains with itchy trigger fingers.... and it played out well. Looking at the house positions, Cannacord ( or at least one of their large clients ) played this like a fiddle... selling all the way down on Tues, crossing big blocks to take stock back and lock in profit... then reselling to force the price lower and make more on the short. Its a funny game... particularly when word gets out that someone needs out.. guys will pile on and trade around it.
GREED / FEAR / REPEAT