Post by
Stockmoves1 on Feb 22, 2021 11:19am
Gameplan.........
MM's have a lot of different aproaches to positioning a play... when i look at the action or lack of action on TUD I have to ask myself will the report surprise to the upside or be on the low side... The price indicates the low side which is still spectacular. SO if I was a MM would I want to be at the lower end or pricing or higher end prior news? Often the pump plays run a stock up.. then they gap it on news and dump it.. Thank goodness this isnt one of those plays.. So I prefer the alternative going into news, price yourself low and gap up on news.. far better way to build the price than to price news in... So lets just say the next few days will be interesting..
Comment by
GoldmemberBC on Feb 22, 2021 12:49pm
I appreciate your insight SM and this is probably a dumb question but what exactly do you mean when you say "price yourself low and gap up on news" ? Cheers
Comment by
MarcusA on Feb 22, 2021 2:59pm
So true that I feel compelled to drink (to that). Not saying that rest of the post was wrong.
Comment by
GoldmemberBC on Feb 22, 2021 4:31pm
very helpful indeed, I'm learning a lot from this board, even from are old friend Morrow if you can believe it :). Thanks and GLTA