spi traders got it wrong? fknunbelievable! :-)
Why did SPI dive after the bell Friday? Multiple choice test... (1)there were a lot of bulls wanting to take profits at the end of a good week, (2) there were not a lot of new longs entering the market (3) there were not a lot of short open positions being closed. (4) that the big rallies have been a lot to do with short covering, but that the stock of shorts now remaining to cover (the weak or undercapitalised shorts) is small. (5) that liquidity was low on Friday arvo after the bell so the mm's took the market to the next biggest liquidity pool (a level with lots of stops), or(5)that there was a market raid by a big player, possibly an inside job by rio related parties, to set them up for the rally?
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