What fact? That they purposely trigger those sell orders? Umm new intraday lows, so what? I think people are irritable because you constantly try to dip between some 'perceived' fact and brownie points that don't matter, nor mean anything. The fact is this, you tried to act like you were part of the inside crowd, yet you really can't validate anything other than to state the obvious down trend. Like I said, if indeed you had insiders, then please post the next round of calls.
IF YOU USE CAPS LOCK DOES IT MAKE YOUR POST LOOK BETTER? MAYBE WE SHOULD ALL TRY IT. FEELS LIKE I'M SAYING SOMETHING MUCH MORE IMPORTANT THAN WHAT IS ACTUALLY BEING TYPED BC ALL MY LETTERS ARE BIG.
PER MY JOURNAL THREAD 08-10-11 10:58 AM http://www.elitetrader.com/vb/showthread.php?s=&threadid=194547&perpage=6&pagenumber=35
If you think a less then 1% drop from the moment you posted is a COLLAPSE well you are a joke. I see no evidance of program selling late in the day at all. I suspect if I were to look at volume figures from a series of recent days, that today's was not special in any way.
There is no such thing as buying and holding anymore, that phrase is outdated and has been for probably 10 or 15 years now, this isnt 1945 or 1967 when you invested for the next 50 years out, things have changed a lot since then, one of those changes, HFT's. This is a traders market, the buy and hold mentality is over and done with!