Posted On: 09/07/2016 8:13:29 PM
Post# of 2913
$SPCL Anytime, Folsom. Here are a few angles.
First, the reason I got wind of the stock is because TPAC's MRVB(in-house hedge fund) began trading this. I got a few prompts from other investors to check it out, and I liked the DD on the RM.
That said, with the MRVB trading aside, other factors include flipping and shorting. With a day like yesterday, and a rather warm RSI, the chart was due to cool off. Many likely opted out today when they saw red, even in spite of the fact that the DD stated Sept 9th was the day to pay attention to.
From a technical perspective, today's candle gave way to what appears to be bearish engulfing. That can be easily remedied within the next day or two, all things considered.
The real test, when the rubber meets the road, is how we hold the newfound .00 range from now until the 9th, and equally as importantly, how we hold post Sept 9th, as nearly everything in the OTC, merger dates included, arrive on the late side.
This is just my take, but I hope that if nothing else, it sheds a bit of light on today's mechanics.
First, the reason I got wind of the stock is because TPAC's MRVB(in-house hedge fund) began trading this. I got a few prompts from other investors to check it out, and I liked the DD on the RM.
That said, with the MRVB trading aside, other factors include flipping and shorting. With a day like yesterday, and a rather warm RSI, the chart was due to cool off. Many likely opted out today when they saw red, even in spite of the fact that the DD stated Sept 9th was the day to pay attention to.
From a technical perspective, today's candle gave way to what appears to be bearish engulfing. That can be easily remedied within the next day or two, all things considered.
The real test, when the rubber meets the road, is how we hold the newfound .00 range from now until the 9th, and equally as importantly, how we hold post Sept 9th, as nearly everything in the OTC, merger dates included, arrive on the late side.
This is just my take, but I hope that if nothing else, it sheds a bit of light on today's mechanics.
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Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
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