RE: Not bothered by a short term drop21 Nov 2018 21:08
The drop today was inevitable
We opened 10% higher, they wanted shares today, here the MM’s would have caught a lot of traders who set trailing stop losses out.
If a trader has set a trailing stop loss at 10/15% drop the MM’s just need to bid it up at the open and lower the price throughout the day. The MM’s are accumulating shares, remember that MM’s are also brokers who want to shift shares and hopefully they will start more auctioning tomorrow to get the next pump up moving and then comes a trading range with more liquidity
Fun times ahead !