RE:time to take a positionuograd wrote: in at 49.74. Was going to buy earlier this morning so glad I waited.
Selloff it totally expected. It is the detour holders who thought stock would pop on closing which it did for about 5 minutes. Now they are selling.
Funds that owned both detour and kl are selling because now their position is overweight.
Trading 101. Might take a few days but it will be back and beyond 50 again and this time for good very soon.
Was getting a little worried, but this makes sense