RE:RE:RE:RE:This feels like capitulation… Thanks CatchtheRally.
Good news that Jiang is confident. However, that doesn't mean all shareholders share the same sentiment.
Quick glances at the tape throughout the day, Morgan Stanley seemed to be the number one seller. Very heavy volume the last 4 days.
Appears that a large shareholder is exiting.
Quarterly OPEX this Friday, portfolio re-balancing.
March options expiration was weak, June flat due to SIB.
Early September D.un was down 20% from the mid June level.
My take - one or more funds has seen enough and wants out.
Selling pressure should exhaust itself this week.