Quote from nirav34:
Here's the net short zone that is still in play. I guess they were scaling in at higher prices as AMT said, as I've never witnessed this before with CD.
http://www.charthub.com/images/2009/08/12/Untitled_13.png
Quote from MONEY4NOTHING:
That's a huge multiday CD divergence with good sized short...looks like there's going to be a nice move to the downside if 990 support breaks. Its also possible that there will be a huge move to the upside if the shorts bailout.