Friday’s Expectation The Day Trader churn f
Post# of 36570
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Posted On: 02/18/2021 4:29:39 PM
Friday’s Expectation
The Day Trader churn for this week looks quite similar to the days leading up to the Feb 5 CC. What I see is the day traders making .45/.46 as the price pivot point. Traders who bought below this point in the last week or so have decided to either hold for the mouse news in hopes of more profit or out of lack of patience (for a news pop), sold their GNBT shares looking for a better option. Traders who bought above the pivot price are either holding on until the mouse news hoping to still make a profit or sold, again due to lack of patience, cutting their losses in search of better prospect. Since there is not a fixed date (like the last cc) where the pps can grow in anticipation of the news (pop), we will probably see a continued repeat of the last two days.
When the mouse news is announced, we should see chaotic trading ensue. If there are non-day traders (outsiders) buying GNBT, we should see a pps rise and hold, not collapse like it did with the Feb 5 CC. Without the support of outsiders, we could easily see a pps spike and then a return to a lower level.
Hang on to your hats!
The Day Trader churn for this week looks quite similar to the days leading up to the Feb 5 CC. What I see is the day traders making .45/.46 as the price pivot point. Traders who bought below this point in the last week or so have decided to either hold for the mouse news in hopes of more profit or out of lack of patience (for a news pop), sold their GNBT shares looking for a better option. Traders who bought above the pivot price are either holding on until the mouse news hoping to still make a profit or sold, again due to lack of patience, cutting their losses in search of better prospect. Since there is not a fixed date (like the last cc) where the pps can grow in anticipation of the news (pop), we will probably see a continued repeat of the last two days.
When the mouse news is announced, we should see chaotic trading ensue. If there are non-day traders (outsiders) buying GNBT, we should see a pps rise and hold, not collapse like it did with the Feb 5 CC. Without the support of outsiders, we could easily see a pps spike and then a return to a lower level.
Hang on to your hats!
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