GREY:XEBEQ - Post by User
Post by
tamaracktopon Feb 16, 2021 1:28pm
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Post# 32574809
Just a completely impartial observation
Just a completely impartial observationI've said it before at times like these. Why anyone would sell at 1:25 in the afternoon with the stock at $9.15, already down 7% on the day, is completley nonsensical. It's nuts. If anything, buying here would make more sense. The damage is very likely done for the most part today, and the close remains a mystery.
In the overall scheme of possible outcomes, buyers here stand a fairly good chance of a close above current levels, while incurring little risk of significant additional damage between now and the close. Conversely, sellers here are exposing themselves to the risk of a whipsaw, selling when most of the damage today is likely already done.
I'm not predicting an outcome here, but if I was a broker right now dealing with antsy clients screaming at me over the phone to sell, I'd be calmly advising them to wait till the close.