RE:RE:RE:RE:RE:RE:Dow futures lower 500 points Hey Guys.
Today is the perfect example as to why I want to see more Trades by these MM's before I jump into the swing trade scene.
They started at $70.00 in Feb. (as per Club). Then in a week in mid February, droped it down to $55.00. Then they took it back up to $70.99 after the drop. This and last week for no apparant reason, they started to drop it from $70.99 to $57.00 today.
So. Before I do any trading with this stock, whether swing trade, or short term trade. I want to see that the Bomber is at least out of the woods of the FIRST HALF of 2023, and then I know that the Company can't go wrong with the LTD trend, the Revenue trend, the FCF/EBITDA trend, the Backlog, and a few other Financial Metrics & Market trends I've been following, before I actually JUMP IN to the short term trade game.
Because I've made a decision that, I won't average down anymore, or put another dollar into this company's shares. This stock for me is now a SURE BET stock with it's trend. It gets none of my money, than it already has of course, until I know for sure that the MM's aren't going to Fk with this stock for any of it's Financial/LTD/Backlog metrics. If they play this game of Fluctuating the stock by $15.00 a share, at the end of 2023, when I know more about why/what/when/where the company's Financial position is. Then I know how I'm going to play their game. In this period from now, till the end of Q2/23, I will also learn a bit more about the MM's game as well. Until then, I'm NOT Investing another dollar into their game. Because I've got no time for these Day Trader games. As I said a while ago. I'm not a day trader, shorter, & I don't want to throw away good money after bad. This game of up and down, by these MM's, and Market speculation doesn't appeal to me. as I have better things to do, than have my money being under the control of others. The thing for me now is, more of a timing thing. So I won't be trapped behind the computer nor telephone screen, with this Casino. I'm one of those guys, that walks into a Casino with a couple of thousand bucks and play Holdem & usualy win, or have fun. But when the Poker game is crooked, I'm out the door. This Market or Casino is just too pricy for me. I have better things to do with my time & especially my money. I want to see stability here first.