RE:1- Trump's move is very material to lmnl"2- this is high beta, will swing hard both ways, we have the best volume ever on nasdaq...people accumulating large positions are not stupid, most are experts/fund managers etc"
Balderdash. At this price only naive retail, if any, is accumulating. Smart momentum players will have made a killing by the end of the day and will go home flat. Volume is primarily due to these day traders.
Once during my day trading days a CRA auditor asked me: "Where did you get the money to trade $19m worth of stocks in 2 months". There is no dearth of el-stupidos. Not even among CRA auditors.