ShyFish_
:
Pay close attention to the short volume, those MM that had opened huge short positions before earnings will not be satisfied with just a 10%-15% move down.. they spent quite a bit to push down prices. A name like NVDA and the gains since last year, a 40% to 50% pullback from ATH would not be surprising. In fact, we are already close to a 40% pullback from ATH.
JonSnow : blah
Sg Lion : The pre-market panic has already occurred
JonSnow Sg Lion : you are right
ShyFish_ : Pay close attention to the short volume, those MM that had opened huge short positions before earnings will not be satisfied with just a 10%-15% move down.. they spent quite a bit to push down prices. A name like NVDA and the gains since last year, a 40% to 50% pullback from ATH would not be surprising. In fact, we are already close to a 40% pullback from ATH.