Post by
pecuniam on Jan 27, 2021 1:53pm
lol! This isn't for me.
I bought 1000 shares at $30.01 then watched it drop below $29.70. I panicked and ended up selling out 10 minutes later at $29.94. GLTA I can't emotionally afford to watch this drop a buck or two and hold. I hope it goes tp $50 for you today. But, the technicals are so overbought it looks like the chart is going to break.
Comment by
driller1a on Jan 27, 2021 1:59pm
Lol! You have my trading luck buds. It's at $35 now. Rest assured if you would have held BB would definitely be at $27-$28. Trust me it happens to me all the time.
Comment by
driller1a on Jan 27, 2021 2:03pm
You're wise to be careful here. It could easily halt and gap down below $25 and would still be overbought. This one is best to trade other people's money on not your own.
Comment by
buckstop on Jan 27, 2021 2:19pm
You're right about the technicals. I've never seen a RSI indicator so overbought in my life. This could sell-off for the next week and still indicate overbought. This is very very strange for such a large cap stock (over 500 million shares O/S).
Comment by
driller1a on Jan 27, 2021 2:23pm
Look at this way pec. The person who just slammed a buy order for a 1000 shares at $36 is now 15 minutes later $4000 poorer lol!
Comment by
Onlooker1275 on Jan 27, 2021 2:26pm
They wanna play " Game of Chicken " on Reddit well have fun.
Comment by
driller1a on Jan 27, 2021 2:57pm
Overbought for sure. Smart longs have taken money off of the table by now. Up over 400% this month alone... I can't recall a large cap stock ever go up that much in a month. I would not hold a large position over night.
Comment by
gashole on Jan 27, 2021 3:10pm
I bought another 8000 US at $24, couldnt resist. I have 13k sahres now... Im in over my head a bit, but no reward without risk..