Correct. Be greedy when others are fearful and it's always darkest before the dawn.
Where's all the genius posters today? I'm sure we are gonna hear "dead cat bounce? At some point today. It's gonna dead cat bounce all the way to 40. Lol
Or takes a jump up.....or a buyout is announced.....or a new CEO is appointed. Its all speculation at this point and if you`re short you better keep your finger on the trigger.
Correct. Look at what happened with Facebook. IPO opened +40 and went down to 18 amid all the experts (many of who I`m sure are on this subject) said it was another Myspace and would be BK in a year. I bought it at 25 and added more at below 20.
Look for a ton of news coverage on this monday morning. At this level it could go down .40 to 1.00 but on the other hand it could reverse and start going back up 1-2 a day. It all depends on how investors view the news. Personally I`m long a small position and I believe we will see huge volume next week. Good or bad remains to be seen but I guess we`ll find out. I think the upside gain outweighs the downside risk so I`m dippin my feet in the water under 27
Look for a ton of news coverage on this monday morning. At this level it could go down .40 to 1.00 but on the other hand it could reverse and start going back up 1-2 a day. It all depends on how investors view the news. Personally I`m long a small position and I believe we will see huge volume next week. Good or bad remains to be seen but I guell we`ll find out. I think the upside gain outweighs the downside risk so I`m dippin my feet in the water under 27
And they said the same thing about Facebook at $30.........and $40.......... And $50...........and $60. You know the rest of the story
It was all because of the news and some hopeful bottom fishers. I have noticed it ratchets up and down and we had the ratchet down so I think its time to ratchet back up.
Move on maybe but you would be crazy to short at this level. If the chief steps down or some crazy buyout rumor surfaces you couild get wiped out.
I`ve been trading X for years now. Has a pretty consistant pattern. I buy under 19 and start selling over 25
That's just previous trades matched and settled at once. Happens every day with most stocks. It's called consolidated trades.
It's equally amazing that people think this can't spring back up also. Look at the chart.......happened more than once in the past and will happen again.
Like Pickets charge. The north opened a small passage in a fence line and the lazy southerners went there so they didn't have to climb over. Sitting ducks. We know how that worked out
You get the stupidest post of the year award. I bet you're the same genius that said the same thing about Facebook at 28
You are very correct and good eye sir. One positive word and this will shoot back up
It COULD go lower but the upside reward far outweighs the downside risk IMO. Check the X board. I said the same words about that one. When I was buying at $17 and $16 the expert trolls were pounding the desk saying $12 and $9 and other nonsense. I took those profits from today and rolled them into this one. Be greedy when others are fearful and its always darkest before the dawn.