Wednesday, October 22, 2014 4:54:10 PM
technical momo players waiting for the .0029 tick???
the surge this morning came like an avalanche. one thing we do know is this stock has gotten a lot more eyes of late. also the pot sector has picked up some steam off longterm consolidation bases.
so you have to ask yourself who brought the gunpowder today? imo, considering how close we seemingly are to news & the amount of volume that came in, this just wasnt all momo pot sector day trading. it sucked to see it come back to the .0028 ice, but consider the volume of buys vrs sells today.
any decent % of buys today (timing implies it had to be a good chunk) based on knowledge of news just around the pike are locked in for strong developments. momo players got their 1 to 1 fib move today, but ive got to think the fuel was just added on the launch pad today. considering the run today, what will a string of definitive development news do to the stock in the near? .005 looks like the next stop. then blue skies to copper land.
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