Post by
tamaracktop on Mar 02, 2021 10:14am
You'd have to be off your rocker
You'd have to be off-your-rocker to sell this stock this morning, as opposed to risking a bit and selling it towards the close, if at all.
The low on February 23rd was $7.61. The stock traded as high as $8.81 the next day. Today's low, so far, is $7.69.
It's too early to tell, and I don't want to jinx this, but any probing of the $7.61 low, followed by a firming in the stock price, or any decent rally from here, would certainly qualify as a successful retest of last week's low, one of the conditions I've previously suggested as a possible signal the stock has put in a meaningful bottom.
A successful retest here would be a solid foundation for renewed and sustainable strength.
Comment by
newcoin on Mar 02, 2021 10:30am
I think we're probing right now!
Comment by
newcoin on Mar 02, 2021 11:04am
As a matter of fact, the probe has gone too far!
Comment by
Arbourmark on Mar 02, 2021 11:10am
VWAP is $7.698, so even with it hitting below $7.60 the bulk of buying was much higher. I agree with TT let's see where it goes in the power hour from 3-4pm.
Comment by
ZouZS3 on Mar 02, 2021 11:51am
Thanks TT bought back all my shares and more
Comment by
Resilience19 on Mar 02, 2021 12:42pm
Be careful with your out-of-registered-accounts capitals gains. Also, any stock sold at loss but bought back within 30 days will not contribute to reducing your capital gains. Just a word of caution.
Comment by
ZouZS3 on Mar 02, 2021 10:34pm
Thanks Resilience19 you've been helpful with your advice...I appreciate it. Teamwork make dreamwork