Post by
tamaracktop on Mar 30, 2021 10:55pm
Technically, the best day in 2 1/2 weeks
Open $4.26, High $4.27, low $4.05, Close $4.23.
A successful test of the closing low, and a muted upside reversal.
The sector as a whole looks like it's put in its final low, which doesn't hurt. Did everybody notice Ballard filed a shelf registration today to sell up to $1.5 billion of shares at any time? Ballard was up 7%.
If money on the sidelines is waiting for hard eveidence the stock has put in its low, today could well have done it. Two and a half weeks makes the timing just about right. $4.50+ tomorrow would pretty much prove it.
I kind of liked the looks of those 50 trades totalling 256,000 shares at $4.23 right at the bell.
Comment by
tamaracktop on Mar 31, 2021 9:16am
Those 256,000 shares were buy orders. The stock went from $4.19 to $4.23 at the bell. Hopefully we'll see some follow through at the open. It's too rearly to pay much attention to the $4.24 bid
Comment by
tamaracktop on Apr 05, 2021 12:51am
That post was from after the close last Tuesday. Two trading days ago. The stock is up 15% since then. Up 15% in 2 days. This stock is going to leave some people behind, in its dust. And for a very simple reason. Do you know why? Because here are many other people not willing to risk being left in its dust.
Comment by
HonestAl on Apr 05, 2021 2:27pm
tamaracktop wrote:This stock is going to leave some people behind, in its dust. And for a very simple reason. Do you know why? Because here are many other people not willing to risk being left in its dust. I believe you nailed it....Tesla stock is a perfect example of what you described above.