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yes, you are correct

Posted by: OlegMaxYTD (a.k.a del_CIH_lviv) on Mar 31, 07:09 in response to winstonman78's post Thanks

in the case when original IPO float does get bought on the IPO day, reset traders have the upper hand. (reset traders are those sleep deprived individuals that stay up @ 3 AM ET and trade when HSX system resets for the day), so when the first tick after the reset is up, then they will buy/cover their short and move the stock even higher, creating in this IPO's case a short squeeze.Ā  so when east coast trader wake up and see IPO moving in the wrong direction to what they hold it at, they will follow the move...





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