RE:Short term read on the stockLol, your always right there contributing to that irrational exhuberance when she's on a run, and the first to stick a needle in it and call it a falling knife on the way down so you can scoop em as low as possible. Best pump and dumper out there. At least you put some thought into it though.
starsearcher40 wrote: The stock continues to trade sluggish with little upside. Any rallies are quickly sold in to, and the stock continues to grind lower. I think we're going to see one more hard drop today, and then the stock should settle down. From there, a little drift downwards (no further hard drops) until then next anticipation of good news.
For me, I'm not playing the "catch a falling knife game". It's dangerous to say "oh, the stock is a bargain now, I'm buying!". Bargain relative to what? Yesterday's close? You have broaden out perspective. If yesterday was irrational exhurberance, then it has little meaning to the "bargain" perspective. Look back at the broader charts, and it's easy to see where this is heading, at least over the next few days, if not weeks.
Of course, there will be some saying I'm just bashing. Not true. It's just a read of the charts and perspective of where we are compared to the fast rise over the past couple of weeks. For those playing the "catch a knife" game, best wishes to you. Personally, I think you're early, but sincere best wishes to you all the same.