Post by
bigbird11 on Jul 22, 2023 10:08am
MY OBSERVATIONS
NO NEWS ????? YET ???? I am not yet convinced that this was a shakeout. Probably monday morning will tell all IF......... THERE IS A NEWS RELEASE. The price is already baked in at this point.
Remember that HPS has 7 facilities and 9 warehouses all over north america. Floods ,tornadoes all over the place. As investors, we are the last ones to know.
ORRRR ........
This early week I think the FOMO ( fear of missing out) scenario took place pushing the stock higher. Day traders buying and selling on margin and rookie traders buying also on margin figuring that they can"t lose. Some putting in stop losses as a safety net. But a thinly traded stock as hps has no bid, so a domino effect has occured on the downside. People panic and try to sell at any price as the sky is falling and they have to cover their margin calls. REMEMBER IT IS THE BIG BOYS THAT CALL THE SHOTS HERE. WE are here for the ride
Hopefully the later has occurred for us long term holders, and when the dust settles, we will be over at new highs in another week or so . Of course this is just my opinion