Post by
Tim1234 on May 17, 2022 5:15pm
Just for fun
Tuesday, May 17th ... just for fun ... let's embrace the minutiae here for a moment ... what a fascinating trading day. High of 0.43 paid fairy early ... then big selling (big for this board anyway lol) comes in fast ... suddenly JEV is being given at 0.37 and we're skimming the 52-week low. Fast forward and we close with an open bid at 0.40 with decent size (again, for this board anyway). Wow. So thin. So noisy. So freakin' weird. Is this what 'capitulation' looks like? Are we there? Still completely baffled as to why anyone would sell at these levels unless they desperate needed the cash. Too bad for me...I'm outta bullets for a while...gotta just watch the movie. Good luck picking an entry point here lol. Good luck all!
Comment by
TruthSeek101 on May 17, 2022 11:49pm
Good summary of the trading. Someone did capitulate last week and I guess again today. Makes no sense to me either, unless they had margin calls or needed to come up with cash pretty quickly, which I guess may be the case for many these days. Best of luck.