Paper Asset Bear Market Dumps 50%
What Is a Limit Down?
The limit down price is the maximum allowable decline in the price of a stock or commodity in a single trading day. The limits were introduced to forestall unusual market volatility and counteract the panic selling that tends to compound an initial price decline. One reasonable explanation is profits are much thinner than previously foretold. Faster this happens the better.
idea is Short spy 294. buy to cover at 152.40. Stop is 305. Reverse Long at 152.40. Hold.
The limit down price is the maximum allowable decline in the price of a stock or commodity in a single trading day. The limits were introduced to forestall unusual market volatility and counteract the panic selling that tends to compound an initial price decline. One reasonable explanation is profits are much thinner than previously foretold. Faster this happens the better.
idea is Short spy 294. buy to cover at 152.40. Stop is 305. Reverse Long at 152.40. Hold.
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