Post by
bigbird11 on Jul 15, 2023 12:08pm
MY OBSERVATIONS
I had an aquaintance many many moons ago that ran a micro cap fund . He used to laugh at his dad and myself saying you guys are nothing but " noise traders ". We said well what do you mean? He laughed and said you are just in the way of the big money that moves stocks up and down . I NEVER FORGOT THAT .
As you can see HPS has been "trapped " for months now. In other words controlled. Anonymous must be the market maker as the stock trades all over the place . On an up day or a down day it can swing afew dollars. The stock now has a bottom b ase of $50. We are 12 trading days away from earnings
(AUG 1st after hours Tuesday ) I expect the stock to start firming up Friday july 28 and monday july 31. and definitely by Aug 1st. I don't expect new highs until the earnings are revealed the following day which I am assuming are going to be very good. Don't know how high the stock will go.........but it will trade at a new high. Eventually on its way to $85 or more . This is my opinion of what I see.
Comment by
sumpineh on Jul 15, 2023 12:35pm
I like your predictions. HPS SP has finished higher for 7 straight Fridays.(the only stock to do that in my portfolio of 70 stocks and ETF's. Let's keep the ball rolling.GLTA