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Re: TheBioTechG post# 3975

Thursday, 06/23/2016 1:50:25 PM

Thursday, June 23, 2016 1:50:25 PM

Post# of 233151
Well I posted my hypothesis yesterday:

Really solid volume in the 1.05 - 1.06 range. Great close into the end of the day and a pretty bullish candle overall. The selling is starting to look exhausted as many of the swing traders appear to be moving on. And as I mentioned earlier we are right back into the insider buy range here as well so that is also likely providing some comfort for the nervous hands.

Im expecting a green day tomorrow as people who have been on the sidelines rejoin the group.



But its probably a combination of what you described. A lot of the "bears" or "realists" on the board are likely competing now to get back in or will risk a much longer wait hoping for a lower price. And let me just say as a long term holder, man it feels good not to have to worry about getting left behind.

Anyway, thats my thoughts on it. Dont be surprised if you get some "POS! ITS ONLY A DEAD CAT BOUNCE!!!" comments.
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