Post by
old_dog on Feb 18, 2021 10:44am
You can only shake the tree so long
Eventually the tree will be completely shaken free of loose hands. You always have your lemmings that do not run with the crowd over the edge, but you do have your edge hangers. Those loose hands that finally blink when it gets to a point. Then the sell order is placed and very soon after that the pain is felt when they look at the screen at the end of the day and see that the stock held and seemed to be edging higher at the close. It takes nerves of steel to trade but in the long run just staying away for a few days can make all the difference in the world. Investing is just that, buying a stock and walking away for a period of time. Day trading is the complete opposite. Just remember this stock was trading at .005 cents not so long ago and traded at or under 2 cents for 5 months. So, some of those folks are willing to take 3.5 cents or 4 cents. Heck, think about it a 600% return in 5 months wouldn’t you like to do that twice a year. So, I expect this sort of action and I use action for a reason. It’s the scraping out of the bowl, those last few shares that can be removed from weaker hands or tired hands. Yesterdays volume was a clear indication that people want “IN” more than people want out. If this heading down based on lack of confidence in the company then the bids would be much lower and disappearing, but this is not the case. So stay long and watch it grow. It won’t be today but then again, the guy that bought at .005 didn’t expect it to go to where it did go and if they sold yesterday they figure they got a really decent rate of return in a short time. You can be that person that gets 500% or 1,000% but you need to hold them to get that return.
old_dog