FunnyHow these guru trading shmucks come out of nowhere and start proclaiming how great they are at selling high, buying low just when the stock starts to rebound.
SCG was already in oversold territory when it broke .50 on the way down..so I guess if you are a savvy trader and believe in T.A. you should've been buying at those levels, however these rats sat quietly and only came out of their dwellings once the stock started getting back up from its knees.
This stock was beat down by shorters that used the overall negative market sentiment and downward momentum to their advantage. Good luck tomorrow to all the shorters that haven't covered yet if the EU passes the vote to continue to help Greece out. That will be a big sigh of relief for the markets and a start to many more green days ahead.
If the world doesn't come to an end tomorrow, we could witness a very nice gap up.