daytrade diaries... october 29, page-119

  1. 2,238 Posts.
    Still mr goose prop trader short in LYC is 6-8m shares short on LYC and only 2m onscreen to buy to 47c.

    He is in big big trouble as i calculated and he knows if 45c pops he is going to have to cover from 46c which means 48c is now in play !!!

    So I expect him to use small parcels to knock it down so it appears to be falling but guess what math is math and he needs to buy 6m shares today on the big volume day whilst he hopes the volume is there at least to be comfortable and lockin some profit from its fall from 52c a couple of days ago.

    If the sell volume drys up and he is 8m shares short...this stock will skyrocket back to 50c if experience is worth anything.

    44.5c bid soon but if 45c pops all hell will break loose as he trys to cover his huge mistake this morning.
 
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