Friday, October 21, 2016 10:16:20 AM
The dumb money that rushed in yesterday and got trapped will be selling over the next several days, so they can chase the next hot play, into a lower level of interest. This will weigh heavily on the Bid and push it lower until it finds enough interest to keep it from falling even lower... When an undisciplined trader is stuck in a dead play, they just hit the Bid when they find another opportunity to chase.
They spend a long time putting these crap buddy to buddy deals together, so i dont see anything coming near term to attract interest, unless they pay for more promo... They have cashed all their chips near term, now the post promo effect is coming.
My postings contain many opinions. So please do your own research
and validation.
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