"I look fo 21.00 Monday & 22.25 Tuesday."
Aw c'mon, this is a Halloween trick, right!?
Then I prefer to reserve my judgment on the above portion of your post. However, I am very much looking forward to your futuristic prognostication of an 11.8% "bounce" come November 1st...it's Tuesday that will be the "trick", right?
IPXL broke AND closed 3% below its 50 day MA. That makes the 50 day line overhead resistance.
Today's stats for IPXL are as follows...
Volume 1,909,988 shares.
That's a hefty 13.4% swing in one trading day, on 198% more daily volume. Hmmm...
Well anyway, the weekend should afford you sufficient time to reflect upon your hypothesis before Monday's opening bell...
Have a great weekend, everyone.
have the fundamentals changed since yesterday? if the answer is no, tune in for a solid data point with earnings release on tuesday. the rest of this is market noise. most likely recovers most of the drop by end of day.
Great call and nice recovery, all the way down to 18.84, down almost 12% on heavy volume, yeah you're right it's just noise.
I guess we'll need earplugs for Monday, just in case there is more NOISE! Only the election will raise this up anywhere near 19 on Tuesday.
Cost me $5 K just today.
What are you smoking?? At the end of the day it won't be at 19, it's down 11% on three times the volume!!
I guess the A bomb was just a bit of noise too, stop the wishful thinking and contribute something more than hoping it will turn around.
This is bad news, indeed.
Down over 7 1/2% on almost 300% more daily volume.
Now, we'll need to see how it responds to the 50 day MA; will it bounce or continue through?
There is support in the $18.50 area...
Your reference is rather anachronistic going back to August, it is now October. Something IS going on when the volume spikes like this with NO news and earnings due on Tuesday.
Even if they don't meet expectations, when the Republicans take the House and Nancy smiling Pelosi is not longer in the cat bird's seat, the market will react very favorably.