El Chapo, what are you talking about? After hours volume is 7.9 million. Daily average is 19.1 million. 41% of daily volume in the after hours is not nothing.
My funds were tied up with FIT and it did not gain much. The markets gained 449, 149 and 48 points in the last two days. I could've bought any stock and they would've done better. For example, NFLX did spectacularly in the last two days.
Using SHAK is a poor example. Yes, it did get to $96.75. But it has since lost 48% of it gains. Unless, you are suggesting that FIT will do the same.
Day-trading FIT is fine. Simply holding FIT is not.
In fact, 75% of my profit was gained in the first two days after buying the stock. The rest was waste of time and money.
This stock is hopeless. Compared to it's previous closing high of $42.38 from July 1st, this stock gained only 2.6% in the last seven trading days. Meanwhile, the DOW gained 449 points, the Nasdaq gained 149 points and the S&P 500 gained 48 points in just the last two days.
I finally gave up on this stock - sold all shares at $43.53. Even though I closed with profit of $10K, the opportunity costs of holding this stock any longer is just too high.
Too all the pumpers, it's really just BS you are putting up here...
I'm serious when I said the Greek talks could've gone either way. If you don't believe me, just do a Google search for ""financial times tsipras merkel". It will be the first search result.
You had a luck guess. If the Greece thing had not worked out, the market would be down as much as it is up now. Don't get too tired patting yourself on your back now!
That's because no one can predict the future. To assert that FIT will go up huge Monday is foolish. There is no data to support such a statement. So those giving thumbs down are right to do so.
As an side, FIT has no problem hitting $44. It has done so twice already - on July 2nd and July 9th. It's it inability to hold $42.38 is the problem. If you use July 1st close of $42.38 as a base, FIT has not gained anything in the last SIX trading days.
Noticed my second paragraph is all based on facts and data. Whereas the original poster of the thread was based on conjecture. Actually, total BS...
As I told cowbell, I got in two weeks ago. Do you know what price FIT was two weeks ago? It's pathetic that FIT could not close above $42.38 (or even stay green) when markets were up 212, 75 and 25 points. There is no reason to defend this stock. when it failed so badly.
Hey Cowbell, I'm sure you know I'm long on this position and have been for two weeks now. But FIT is experiencing some major resistance at $42.38. For four straight days now, it overtook it only to fall back.