Shorting You are correct brother. Same thing that went on at PYR for months. While I got out with a nice profit @PYR - would have done better if I waited.
same thing here. Longs take their profits and allow the shorters in.
Yes - there is a reason for the down in the market? Big guys are afraid of the 10 year bond yield - and there is a bad feeling out there that could see a pretty decent down market for a while.
I sold my HPQ this morning. It's not that I think it is a bad stick - I just believe I can get it around $1 or less when this is over.