I was hoping to sell some shares where I sold all and ride this much higher. However, a combination of things adds up and I had to correct my strategy. In premarket price jumped too high based I would suspect on leaked news about billion-plus in revenue. And some shorts panicked. FOMO crowd jumped in all above $1 and those guys in most cases losing money. They are fools that have no structure and discipline in their trading and must be punished. When you have so many people on the wrong side of the trade, what would happen next?
1. They are going into denial mode and will keep on buying. 2. Some will start exiting because they bought so much. 3. MM's knows the game very well and suppresses any attempt to rally. The reality of the trading is, regardless of the long term that people will sell if they are losing too much, not all but many. Enough to make this move lower. 4. The trading volume yesterday was twice over the float. I was heavily shorted and MM's will try to do anything to crash emotionally unstable guys out. 5. Panic selloff coming and stops will get triggered.
I understand that many will hate to see my point of view. But that is how I see it. Yesterday I used funds from here to buy APOPCBLI nd added CTIB. I told you guys what I was doing. If anyone would listen you would be up today.
My plan is to ride spikes in the above-mentioned stocks and use funds to come back here when the blood will be running like a river and babies will run away cursing this stock. I will try to buy many more shares and will play this patiently again. Anyone want to prove me wrong? Let the market speak and see how close I am in my prediction.
What do you think of a buy in opportunity now at 30 cents?
Trade2Double
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@CharlesInvestments, I look at about 5 cents entry level now. Ugly looking chart and will go lower. Even at that level, I would need a number of things to line up for a safe entry
tarhead82390
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Looks to be way off. But hopefully this happens soon.