Post by
sandysouci on Oct 02, 2020 2:13pm
get ready for possible late-day dump
just like yesterday, when we had the sudden appearance of sell orders with minutes to the close... they managed to (very briefly) drop it to as low as $3.86, than snapped up all the shares in that range, and stock surged back up -- all super quickly...
hey, might not hurt to place some "stink bids" around the $3.85 zone, and ride the coattails of someone able to do that???...
a similar thing happened to HPQ severl days back...
anyway, expect it, and EMBRACE IT!!!...
Comment by
Good4You on Oct 02, 2020 2:31pm
Might also be a good Idea to keep all your shares and accumulate now. Expect a late Friday PR, today? or first thing in the morning Monday. Closer, closer and closer to a Big Signature from ABC...or DEF...or??? Long and Strong Good4You. Have a super weekend :0)
Comment by
pipelines on Oct 02, 2020 4:01pm
usually one puts a stink bid which means you bid way below what you think it's worth so if you get filled it's a good thing, and by the way any share under $4.41 is a steal
Comment by
Olderguy1 on Oct 02, 2020 4:06pm
Yep, there's the End Of Day Dump from $4.08 to $4.00, just like clock work.
Comment by
sandysouci on Oct 02, 2020 4:10pm
why not a stink bid???... I see no reason not to have a modest-size open order to BUY some shares at say $3.60-3.80 area... you never know when there might be an unexpected but very brief air pocket (and there have been)... of course, you have to believe solidly in the underying company/shares...
Comment by
Snowdrift on Oct 02, 2020 5:09pm
Boy, do I hate that idea!! I think a lot of investors don't come to the bullboards. If they were to suddenly see their stock go down to $3.60 - $3.80, I think they could easily panic and sell. So next thing you know, our stock starts spiraling down. I sure as hell don't want to see that happen, and I presume the rest of you don't either. Snowdrift
Comment by
sandysouci on Oct 02, 2020 5:23pm
sorry, but I think you do not understand what I'm saying, or the concept of placing a bid lower then the current market price (in hopes of picking up some during a pullback)... ??????????..
Comment by
Snowdrift on Oct 02, 2020 5:26pm
I know that's what you mean. What I'm saying is that if you do, in fact, manage to snap up some shares at such a low price, what if the stock doesn't pop back up? What if you end up starting a downward draft?
Comment by
sandysouci on Oct 02, 2020 6:34pm
you are not making any sense... if I were to get filled with a stink bid (ie., a well below market bid), then that means that a drop would AREADY have occurred... how could I possibly START a downdraft by putting in a buy order!!!???... if anything, I would be providing support for the stock price when it needed it most...