RE:whipsaw
As i mentioned yesterday, the monkys' strategy, the shorts, is to short the stock, trigger the "stop loss" orders, depress the stock low enough, so it can cause Margin calls, thus depressing the stock further down, and then start covering. Yesterday i said, after the margin calls are cleared " the stock will go back up". And that is what is happening today. That is why i suggested yesterday that if you use margin, leave enough wiggle room so you don't have to lose margin and forced to sell to cover it. Trading on margin is good on the upside, but on downside, watch out. And the crooks, shorts and co, know this and create mayhem in the market so they can steal your money. Especially the big funds which csn sell short big chunks of shares and us as retail investors will have no choiche because we are market takers and not market makers. So if you use margin leave enough wiggle room to cushion the blow, or you'll be burned. GL