Post by
mooseslayer on Aug 23, 2021 11:32am
This week?
No idea what will happen but I hope it is good.
Comment by
hk1966 on Aug 23, 2021 11:38am
Most likely scenario is weak hands will shed 200-300 k shares a day while we await FDA approval. This could take the price down to 41 or even 40.5 cents. Obviously I am hoping for approval sooner rather than later and much better outcome GLTA
Comment by
mooseslayer on Aug 23, 2021 12:22pm
It's not weak hands but trading pure and simple. Sell early and drive the price down and buy a penny or 2 lower. It happens almost daily.
Comment by
hk1966 on Aug 23, 2021 1:20pm
That may be true enough but is it worth the risk of getting caught in a stop trade announcement pending news release? You might gain the 1-2 cents and miss out on 30 cents or more upside after the stock resumes trading post a news announcement
Comment by
spygate on Aug 23, 2021 2:24pm
I agree with Mosse, weak hands would have plummeted this and with much higher volumes...traders will trade and to answer your question about is it worth it? Heck yes, any positive trade is a good trade and its not .01 or .02 its .01 or .02 x many, many trades over a time period...likely equaling your .30 one time trade...to each their own and everyone should trade/invest as they deem fit
Comment by
spygate on Aug 23, 2021 2:24pm
and ofcourse I meant Moose not his evil twin Mosse