(Total Views: 789)
Posted On: 07/02/2020 2:15:36 PM
Post# of 153903
Not bothering to read through all the posts from the short attack... what was unnatural was the stock running like it did for 8 days straight; the pullback and consolidation happening now is still trending positive, albeit from a lower level. Previous resistance was support, even in a panic, and buyers are still stepping in when the price flirts with moving averages. Once data is released, I think odds are good that previous highs will be obliterated.
Scary if you haven't seen it before, but I've seen worse... back in the day, DNDN went from $25 to under $8 in minutes. It's what happens when newbs "set stops" and shorts attack... won't be the last time it happens, I'd wager.
https://seekingalpha.com/article/134187-dendr...april-28th
Bought more, will continue to do so as long as this opportunity remains.
Scary if you haven't seen it before, but I've seen worse... back in the day, DNDN went from $25 to under $8 in minutes. It's what happens when newbs "set stops" and shorts attack... won't be the last time it happens, I'd wager.
Quote:
All Dendreon (NASDAQNDN) longs almost had a heart attack when they saw the stock fall (I should even say CRASH) from the 24-25 level to 7-8 in less than 2 minutes to finally close at 11.86 before the stock was suspended for pending news (I bet the suspension appeared at an earlier time than expected due to this huge fall). The volume during this fall was huge (around 4-5 millions shares).
https://seekingalpha.com/article/134187-dendr...april-28th
Bought more, will continue to do so as long as this opportunity remains.
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