Dividend.com: Longing for State Street

You Were Warned About State Street

We put up a post yesterday afternoon that focused on the chaotic drop we were witnessing in shares of State Street(STT Quote).

In that post, we warned investors that were thinking about chasing the move down on the short side. I have seen those moves happen in my many years of being a trader. It was a classic "bear trap" that was being set up. Unfortunately, the "disappearing bids" hurt the long investors that were looking to get out when the first signs of the free-fall occurred. Here's the scenario: ...