Post by
tamaracktop on Feb 01, 2023 11:02am
One thing that can keep this rally alive
Alive longer than many except
Institutions are long-term investors.
Recent increases in volumes definitely point to institutions building positions.
7-8 hundred thousand shares in a day isn't all retail.
Institutions don't really care if they pay $2.90 or $3.20, they care more about liquidity.
This stock is becoming more liquid daily, as evidenced by trailing average volumes.
Institutions don't care too much about nickels or dimes or quarters.
Traders do.
Institutions don't.
Comment by
Moemoney42 on Feb 01, 2023 11:21am
Chewing through that $2.80 - $2.90 resistance nicely.. if we can break the $3 level, I don't see much resistance until the ~$3.60 level.. any good news in Feb. will propel us to that level.. IMO.
Comment by
Exrower on Feb 01, 2023 11:53am
We have to stop at Yuma on the way to 3.60