TSXV:RHT.H - Post by User
Comment by
EdinColoradoon Mar 02, 2023 12:40am
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Post# 35314238
RE:Who is selling
RE:Who is selling Having a hard time understanding who is selling today.....
Whether you bought last week, last year or 5 years ago why would anyone be selling today with the news being released tomorrow.
The traders might just be gambling on trading a historical pattern in which the stock has suddenly risen before earnings calls and then decayed steadily back to the SP before the rise. Yesterday brought them about a 12% gain, so some likely just decided to take the gain and run. They aren't looking for more from any long term investment or detailed analysis. They just can see from the past that the stock has never been able to hold the SP achieved after the brief explosive pre-news-release rise, so they are not waiting for the news. Some day of the news release they will regret that. Will that day be...when...???