Accumulation seems to have run its course, and DRYS is grabbing up a bit of the hype it had last month. I don't see the massive bull run which occurred last month, but short term gains are likely.
Comments
Trance-Man
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So what do you see? Thank you. :)
CallMeSnow
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@Trance-Man, I'm cautiously optimistic for a 10% rise in the value of the underlying asset in the short-term... But I wouldn't hold through the weekend.
Trance-Man
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@CallMeSnow, Roger Roger. :) Thanks for your opinion.
CallMeSnow
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@Trance-Man, Sure... It's just a thought. But in the 4H chart there's a breakout and confirmation with corresponding volume... So I'm bullish in the near term. I'd wait for a trend to develop to go beyond that. But I'm a short term guy, so I look for small pops in cheek equities for the moment. Best of luck bro!
@CallMeSnow, Yah I am not sure what to think on this one, tight float, weird news, etc... but it does seem to have volume and price action that is higher than what you might expect... hmmmm. Thanks for the additional details. Understood you are short term.
CallMeSnow
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@Trance-Man, Honestly I feel with fundamentals in a more broad sense... Especially with regard to the underlying commodities associated with a given equity. Outside of that...I find it's pretty futile to dig much into penny stocks. But a pop is a pop.