I tried to understand what you just wrote, but I don't. How can he sell it to himself?
It is a strange way to close.
I have a much simpler theory. Daytraders jumped in early in today's session before the announcement. Announcment came out at lunch which is when it's very illiquid. Daytraders started to take profit and ditched their holdings which they had bought earlier in the day. Buy the rumour, sell the news tactic.
If it's about shorters, then today's action didn't break the previous all time high, so the shorters aren't stopped out.
Today formed a shooting star candlestick. That's really bad. I reckon the shorters piled on at the end of the day to try form it and scare traders.
I can't fathom why the price is lower than $4 with the earnings it reported today. I'm tempted to buy more.
TGR Price at posting:
$3.90 Sentiment: Buy Disclosure: Held
