OUT today on half my position on trailing stop pullback from $1.80. Sold most at $1.73 Closed at $1.71 $1.73-1.43= .30 .30/1.43= 21% profit on this half. Probally sell remaining tomorrow or friday, RSI is 68
Buy low, sell high!
Rockys fine feathered friend has peck blessed a re-buy. Repurchased today 10min to the close at $1.42-1.45 range.
Volume is light, mostly subdued retail selling on a light-vol Friday. RSI 39 and below 50dma on 29K vol. I believe this is a doubletest of the recent low $1.40s from the greedy blowoff $2.40-$2.50s . What goes up must come down, all parakeets and heavy rocks like Rocky and his other obsidian relatives know this. Maybe thats why they are at the bottom of the aquarium most of the time. (the relatives that is, lol) The Prefereds div was confirmed today as being payable.
I think the greed comes back next week.
Tmpw1...are you making that observation due to pari-passu rules on these prefered classes? I think the liquidity of G vs H is causing the arbitrage? Rocky says buy the cheaper issue, divs are currently suspended anyway and just wait.
Up again today, close at $1.14. If you look at the trading pattern(s) you can clearly see small retail selling into strength, with the larger trades at the ask, and closer to the close. This is bullish and should breach the 50dma soon. RSI 59 with steep uptrending MACD. Resistance is clearly much higher, in the +$1.50s, why leave money on the table?
Although now up 42% in a week, Rockys' plucky, pertinacious, parakeet has calculated a near term trading price target of $1.49. His frequent concinnous catoptromancy, well versed in investor strephosymbolia, parallels cryptaesthesia. Fear is turning to greed, RSI 54