Post by
Toppert1 on Dec 13, 2024 2:52pm
What's going on??
More importantly , for the short term, how is this likely to close today?
Will somebody or some people suddenly want to own this in the dying minutes before this weekend?
After today's pathetic showing, that seems unlikely.
Will somebody or some people decide to sell, or change existing sell orders, to be out before the weekend?
With 10 more days of tax selling, and after today's pathetic performance, that's far more likely.
The probabilities favor increased selling pressure in the last 10 minutes today than they favor a surge of interested buyers.
I think, if anything, this will sell off towards the close.
If in fact that does happen, it won't make for a positive opening on Monday.
This stock is very very fragile at these prices.
Sub .57 at the close is a very real possibility.
Comment by
Toppert1 on Dec 13, 2024 3:01pm
I'm not suggesting that the "fear" of tax loss selling will induce people to sell who otherwise might not, I'm suggesting that there are many people who intend to take losses in this who haven't yet done so. The irony here is that everyone who intentionally takes losses anywhere in the market nevertheless tries to minimize their losses when they do it.