The short in LYC has a 200,000 block at the tail end of 45c and a 300,000 block at 45.5c to keep the stock with in his range but watch as it magically disappears.
There is no more selling and why everyone knows a day ago is was mid 50c
He has has no choice to buy it all back below 48c.
Thats why all the bids are magically just below 1m shares so he doesnt scare it up....he has to cover his short position of 5-7m shares soon...tick tock
US futures up.... 45c will fall soon and watch as he runs to cover.
daytrade diaries... october 29, page-129
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