RE:"Swan Dive"Swan dives are usually into water. In this case the SP will swan dive to zero into the welcoming warm and patient hands of the debtholders. A midget with a pork pie hat from a David Lynch film, will walk across your trading screen, say something backwards, do a little jig, and poof your shares will be gone.
MegaBear wrote: Cohodes: "Heard from some fascinating people today. They had to manipulate Concordia stock one last time into the Swan Dive. Just perfect GLTA"
What that means is he heard from trading hedge funds (from Vegas?) they have to play the "news" with the run up on TA indicators and oversold correction.
Were some able to make 50% gains in two days? I assume so.
Swan Dive is a diver who jump off the board before heading straight down.