Intraday gains softened the impact I am thankful it was a strong start to the day where we had intraday gains to help soften the intense selling pressures, to close down only 5 cents on a day where retail follow Eric religiously, is a very good sign the stock had heavy buyers at 1.19 on average, 13M plus shares is hard for a stock like Ath to handle. Imagine if it was a weak day for oil, ouch!!!
With that being said, all the retail investors were at work and will be watching Market Call this weekend and scouring the bullboards for what the heck happened and where are we going from here.
Is selling done, of course not, will it overwhelm big buyers, perhaps for a day or two, who knows. The Nuttall bump usually lasts 3 days at most and the sellers come in, and yes sometimes it's Eric. Not the point. I think we have all seen the Nuttall Market bump fade as quick as we enjoyed it.
Next week is pretty critical for oil to hold so that Ath can recover and find the new trading range that it will settle into until the next catalyst.
Good luck next week everyone, I am now sitting enough cash to buy 900k shares to add to my core position.
It could be as early as Monday if sellers overwhelm the stock, then thank you. If the stock can hold and actually recover next week, I am happy to hold my cash for the correction that we all know will come at some point. Either way, position yourself to take advantage of both scenarios until the markets settle down.