Comment by
Roscoe747 on Apr 04, 2024 1:16pm
The penny flippers did alright today, Thursday, if they sold in the .70s yesterday and bought back in the .60s today. This false alarm ran out of liquidity and fell on common sense. It proves the demand is there when a signal appears. Q1/24 out soon. Positive signals ahead.
Comment by
pierrelebel on Apr 04, 2024 10:00pm
"This false alarm..." Was it?
Comment by
Quintessential1 on Apr 05, 2024 8:14am
What it appeared to be at the very least was a strong enough reversal signal that even the algos couldn't ignore it and acted on it accordingly. The trend should start to be upward from here and make it an easy hold while we wait and see if the signal was a harbinger of some other more lucrative event. GLTA
Comment by
Roscoe747 on Apr 05, 2024 11:34am
In the context of a singlular event on no news, yes but as an indicator of sentiment, no. Gear will do well because it is understood to be oversold and any assurance oil price gains are not transitory will cause a rerating. Patience.