Post by
tamaracktop on Feb 16, 2021 1:28pm
Just a completely impartial observation
I've said it before at times like these. Why anyone would sell at 1:25 in the afternoon with the stock at $9.15, already down 7% on the day, is completley nonsensical. It's nuts. If anything, buying here would make more sense. The damage is very likely done for the most part today, and the close remains a mystery.
In the overall scheme of possible outcomes, buyers here stand a fairly good chance of a close above current levels, while incurring little risk of significant additional damage between now and the close. Conversely, sellers here are exposing themselves to the risk of a whipsaw, selling when most of the damage today is likely already done.
I'm not predicting an outcome here, but if I was a broker right now dealing with antsy clients screaming at me over the phone to sell, I'd be calmly advising them to wait till the close.
Comment by
SNgu8000 on Feb 16, 2021 1:58pm
TT , " Calmly advising them " ...... NOT GOING TO WORK . You have to HOLD THEIR SHAKING HANDS TIE and sing Kungbayya . If it down $8.50 tomorrow - I will buy .
Comment by
tamaracktop on Feb 16, 2021 2:05pm
Forget Kungbayya. I never knew what that was all about anyway. At times like these, I like to revert to my old favorites. Jesus loves me This I Know, and of course, What a Friend we Have in Jesus.