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S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,185.60
(
-0.06%
)
Dow Jones
39,806.77
(
0.00%
)
Brent Oil
82.32
(
-1.45%
)
Bitcoin
71,242.93
(
-0.29%
)
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Snackman

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Snackman

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Re: iandy post# 2193

Thursday, 01/26/2017 2:04:48 AM

Thursday, January 26, 2017 2:04:48 AM

Post# of 4273
Stock made a nice move today. There is a good chance the shorts were able to cover over the last couple of weeks.

Keep this in mind also, a stock does not go straight up or down.

I first bought at $2.85, not that long ago. Normally a stock will have a 35% to 50% pull back from a big move.

Between $2.85 and $6.85 that is a $4.00 move. A 50% pull back would put us at $4.85. A 35% pull back will put us just about where our low was yesterday.

I don't think we will get there ($4.85) and I think today's move was very healthy. JMO.

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