SNX Trade on Apr 1, 2015 12:03 from foldelinio_BOWS: Tradervue User Stock Trades.

$SNX: 28.69M float/14.40% short float/71.60% institutionals

Same story as $CRS. Gap down on negative earnings guidance. Support is at 70$ on the daily.

Stop: 73.20$
R: 0

Stock traded right around LOD for some time and I wanted to trade the continuation to the downside on the bearish catalyst.

There was some kind of hunter algo at 73.00$ because everytime there was a tick below 73.00$ the bot went in and sweeped all the offers. He did not step higher, however, so all the spikes were caused by trapped shorts. No sign of strengh in the stock until later in the day.

I got in as soon as I saw 72.92 trade and the algo did not show up. A couple of shorts puked and gave me the fill. it traded to 72.90$...and who was there? Right, the geek. I just scratched.