RE:RE:Almost 90 degree downward crossovercan1 wrote:
2 weeks of hope washed away by 1 stupid and underpriced underwritting, at least they are loading up my other investment(crew) with cash so they can expand.
I guess my selling half months ago and buying Crew was a smart move Crew up 15% today to $11.50 Guess who the market thinks made the better move!!
Too bad I didn't sell all my LRE shares......
Totally agree, very reasonable selloff today from retail investors' standing point. All of their numbers are very impressive and healthy comparing to the peers.
Numbers will eventually speak for themselves. That's probably why you see opening at 5.50 today, instead of 5.25, very good support volume at 5.40/5.35 by far. Valuation will be the drive as always, depending on how fast you want to grab the money back.
On the technical side, we have not encountered a moderate pullback after the MAs crossover weeks ago, as RSI had officially peaked(comparing historical data) in the overbought zone, we'll probably see a correction today even without the deal. So the sentiment is another catalyst right on time.
I hope it will hold around 5.00-5.10 and restart from there.