Friday, April 21, 2017 5:36:24 PM
For a while today I was even green with my 9.30 cb... to da moon if they have a surprise to the up side...
I was not surprised by the Friday afternoon dip.... and am ever suspicious of the forces that sell into good analyst reports. I looked at the 1 minute chart for most of the day and even as it was rising the candlesticks were red, which tells me there was controlled selling going on matching what market was willing to pay and riding the momentum, but avoiding any panic squeeze volume.
The other advantage they have over us is tiny or no transaction fees for machine trading, even thousands per second... and built in electronic advantage by algorithmic trading without logical human decision making. Hence the appearance of manipulation, but I suspect it is because of the low number of folks like us involved... the private investor is fast becoming a dinosaur.
Creative accounting tells them high cost gets covered first on the way up regardless of the time held but it's built in to the algorithm, along with the automatic swings from buy to sell to sell short and vice versa. In the new world of Wall Street robots rule! So it's even more fun when you can beat a machine, eh?
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
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