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Friday, September 22, 2017 6:08:48 PM
There obviously will be tons of discussion this weekend about the efficacy of this insulin regulating device for type 2 diabetes patients.
Here is an image of the five day chart, with 15 minute price movements. As one can observe, the price zoomed roughly 15 minutes after the open on Wednesday. But notice the remainder of the week's progress. If you were fortunate to go long just as the price took off, you would still be sitting on a paper profit. But observe how fast the price rose above a nickel, and how quickly it declined on Thursday and Friday. I don't believe anyone who went long Thursday and Friday is sitting on a paper profit. Looks to me like they're sitting on paper losses.
Here is an image of the five day chart, with 15 minute price movements. As one can observe, the price zoomed roughly 15 minutes after the open on Wednesday. But notice the remainder of the week's progress. If you were fortunate to go long just as the price took off, you would still be sitting on a paper profit. But observe how fast the price rose above a nickel, and how quickly it declined on Thursday and Friday. I don't believe anyone who went long Thursday and Friday is sitting on a paper profit. Looks to me like they're sitting on paper losses.
The Nasdaq's third tier, the AMEX can be just as bad, and last but not least, the OTC, it seems, are financial venues that reward failure.
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