Tuesday, January 03, 2017 10:27:46 AM
This would seem to confirm my thinking that the stock has, indeed, been affected by compression. There are times when forces pull together for sound market reasons and/or manipulative trading practices resulting in skewed valuations. I believe today's surprising rebound is part of a compression rebalancing process.
This is definitely not the smartest of times to be a buyer. And, given that I may be wrong, we have no way of intelligently timing trades to be executed on the buy side.
I say we should stand pat, be glad to be on the receiving end of bounties coming our way due to having recognized opportunity early on. I'm not making any moves at all.
And now, as we close out our first hour of trading, we are at $10.40. Anything can happen today and I'm expecting it all. My hope is that the day's trading action will serve as something akin to providing us with a baseline from which we can begin to form something of a start to patterned behavior. We shall see!
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