RE:RE:RE:Loop Insights Going Global Multi Trillion Retail Market
just remember today is Tuesday or what would have been Monday had the markets been opened yesterday and Rob never puts his biggest news out on Monday. Today is great news big picture but to retail buyers it's not much to jump over. If you are looking at the whole story today's news means another avenue into a potential big market but it's still speculation at this point. The market moves on momentum and today's news , although great to longs , was not a momentum builder. The next one will be. There are only a few big price moving events in any given timeframe and the rest is accumulation and consolidation. Why it pays to stay long is over a 3 or 5 or 8 year period, with a great company like Loop with terrific management, you can have 25 to 40 big swings in the price upward and consolidation events in between but the highs outpace the lows over the long term. Today was more consolidating. Millions of shares were bought from .24 to .42 we can't expect every trader to hold them forever some are happy selling at .42 to .30 . It's all timing. Today's news did not time well with an accumulation event it is in a sell cycle going back to last week. Usually they last 10 trading days unless the news is big enough to awaken the market and force short sellers to buy back higher for fear of missing the boat. My view. take care