Jul. 16 at 4:03 PM
$VG The morning started beautifully, gapping up to open at
$13.19 and hitting an early morning high of
$13.25. Alot of the momentum was created by Zacks "Strong-Buy" rating and I thought it woud carry the day.
Once the early morning buying momentum cooled, the algos did an immediate pivot—shorting the stock back under
$13.00 - pushing it into the
$12.91–
$12.95 range to force those exact same call options to expire completely worthless tomorrow.
The algos are deliberately trapping the stock below
$13.00 to bleed out the weekly and monthly options premium.
Tommorrow, the July options officially expire, so the artificial "gravity well" holding the stock down will dissolve.
The China shipments, the soaring revenue backlog, and the countdown to August 11 earnings—remains completely untouched. This is just standard market-maker theater. We are good!
