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Re: Watch30 post# 108

Tuesday, 01/10/2017 3:44:33 PM

Tuesday, January 10, 2017 3:44:33 PM

Post# of 143
Today is sure peculiar, isn't it? HLX appears to be cycling through a market churn. Usually it's the result of market manipulation with computers executing rapid-fire trades designed to kill investor confidence.

I got lucky selling most of my position yesterday but I came close to buying on today's dip. I didn't give in as I'd have to use margin and I'm unwilling to use more than is already in play. But I'm absolutely convinced that HLX will be springing back soon. There's nothing out there suggesting otherwise.

What today tells us is that this stock is available to wicked manipulation. We know it can happen with any stock, naturally.
But the ones it happens to are usually chosen carefully. I believe a qualifier for such activity is a normally calm trading pattern. NGL would be a good example, ALDW another. But I'd be nervous if NGL or ALDW suddenly dropped a dollar or two.

I'm holding HLX, albeit a reduced position. I don't do options so the only clock I have to respond to is my own.

I think you'll be ok unless the Big Bad Timekeeper is determined to make things rough for you. I hope it works out, though.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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