RE:RE:help me understand...Thanks for the reply. My intent was definitely not to "set-up" the basher. I realized after I hit post that my question, to which I was looking for an honest answer, was probably poorly worded. Every time I think I have gained some knowledge/ability in this game, I realize I know absolutely nothing. I am long for a large holding of this stock and am in the red more than I want to admit. Certainly hoping this stock gets some significant upward movement, and quickly.
BigGreenWhale01 wrote: Well your post set-up the basher that followed quite well, like a straight man on the Jimmy Kimmel Show. Notwithstanding.. I'll answer your question as though you are a legitimate newbie investor for those whom may be watching and truly are.
Just par for the course hmb. If you look at the charts, Monday starts a downtrend in SP until "hump day" aka Wednesday and then the SP rises toward the weekend. If there's been a high percentage SP increase during the week, you'll see selling on Friday afternoon meaning the day/week traders are exiting their positions prior to the weekend. If the upward SP momentum trend remains strong and on Friday, generally speaking this is due to an expectation of a gap-up on Monday.
Watch the trends.. my friend.