The Nature Of Morning Pullbacks

…strong NASDAQ stocks typically drift lower after the high opening trade.
The reason? Once the market makers have filled the influx of buy orders by
taking the other side of the trade, they are short the stock.

…once a strong stock begins to drift lower for a bit after opening high,
day traders will typically attempt to inundate the stock with a second wave of
buying. Why? Because the day traders know exactly how the game is played, and
they are attacking the market makers at their weakest point.