When a stock is shorted it has Algo auto Bots trading it all over.
95% of trades on MYR would be Auto trading robots.
Think about it, If you were Short, wouldnt you think Hmmm, mabe I should cover my shorts at 73 cents ??
I grabbed more today at 73 cents.
As soon as the auto trading robots Sniff some Green on the chart, there will be a Tsunami rush to the checkout to shut up and take my money, while they close shorts at these low levels.
It will be Christmas rush and Boxing days sale on opening day with a Topless Jen at the register.
The Rush could very well be epic.
Be wary that tomorrow could also be down as the end of day traders read news later and it tends to happen that next day is down as well.
But Im nibbling, because the Buy register will at some point will be running hotter than a Nude Jen display showing off High Heels and a Hat.
MYR Price at posting:
72.8¢ Sentiment: Buy Disclosure: Held
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