The rally from yesterday’s lows was 110% short-squeeze, and it appeared to be getting second wind late Wednesday night. The Ebola story could come back to haunt buyers, but in the meantime DaBoyz have done what they are wont to do to offset the drag. Mainly, this meant pulling their bids during the 15-minute run-off period after the closing bell. This allowed them to take this vehicle down the equivalent of 170 Dow points on almost no volume, exhausting sellers. This in turn has allowed DaBoyz to run up stocks in the wee hours on gaseous buying. My hunch is that this manipulation will succeed if it doesn’t try to be too ambitious. Regardless, there is no predicting the outcome of what promises to be a wild and wacky day.
