Quote from AMT4SWA:
No......."net" short holders are running the profile in a LOW VOLUME AH session environment......this is how they BUILD there positions and improve cost basis. As you can see, they sold right as the price returned to that upper price delta zone I had mentioned before......the one formed just after the news release the other morning. 953.50 to 957.50![]()
They pulled off running price through they range (in a very low volume environment) while not at all putting all their held "net" short inventory at risk..........now once they completed that improvement of the cost basis of their core holdings they drive price away and put their position well into the money again.
http://www.charthub.com/images/2009/06/10/ES__CD.png
. . . thank you for that context, hmm, very clever of them, sneaky, but clever . . .
