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The USU MicroCap Berserker Algo Is Back
Earlier this week we showed what happens when a momentum ignition algo goes berserk in microcap USEC Inc (USU). We are happy to announce that the stock which has become a microcosmic representation of all that is broken with emarket, is back at it, and the algo which doubled the stock in minutes on Monday, is back and desperate to ignite enough momentum to stop all out upside orders as well as all open shorts (the shorts in the name doubled in the week ended 7/15 to 25% of the float).
What Bernanke's centrally-planned market looks like:
Oh, and for those wondering: no news.
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