RE:#diamondhands Good finish to the day. Bounced hard off of the 50 DMA intraday. Overall uptrend still intact.
You wouldn't think of it because of the intraday volatility, but the stock actually ended with a positive finish from a Chaikin Money Flow perspective. The selling was there this morning, but then demand stepped in.
Let's see where this ends up tomorrow.
Remember the first half of the transaction (the financing) will be followed up by the second pet (the acquisition). The last acquisition led to a 25% increase in the stock.
Again, I don't believe you are aggressive like this if you don't have a really good deal in front of you and you have confidence in the WiLan pipeline that follows.
I really hope none of you were foolish enough to sell.
The pros have arrived. The institutions and the big guns are getting involved now. You can't beat them. But you can hold on to your shares and make money along with them.
Just imagine if they are gearing up to do a big swinging d!ck deal and buy Kapsch.