Someone on RFG just shorted almost half of today's volume a large player (notice the seller wall at 8.5c) moved it all the way down to 7.8c as he feels it's rather unlikely for prices to tick up into his levels.
I don't have that much capital but this guy slammed it hard!!! One would presume a price breakdown is getting pretty close here I am guessing nobody here got trapped into that move? RFG has been losing 4-5% a day. Another large red candle like the one seen previously several days ago is the threat for longs now.
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- All Day trading thread December 22
All Day trading thread December 22, page-513
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