Comment by
Red~One on Feb 01, 2021 3:47pm
House 33 pulled their big ask
Comment by
birch1 on Feb 01, 2021 4:02pm
Hmmmmm, that wall was moving because someone wanted to accumulate and didn't actually get taken out. Games the MM's play. JMHO.
Comment by
Red~One on Feb 01, 2021 6:06pm
Thanks, now if you look at the 10 day chart for NOK or BB you will see that both spiked because of WSB but then a day or two later both corrected close to their pre- WSB spike....so wouldn't the shorts that got squeezed on the way up the spike have already got out on the way down?
Comment by
CamaroZL1 on Feb 01, 2021 7:30pm
These stocks are still something like 30 and 40% short. You are excluding longs booking profit, new longs and new shorts. once the trend exhausts then the entire market can turn seller. flash crash with no bid, the only buyers would be new shorts unmotivated to cover.