Kitov Pharmaceuticals Hldgs L Sponsored ADR (KTOV)

[nsomniyak]

Nah. Clay is meaningless to the long term prospects for a stock.

His name is not ClayTRADER by accident.

He searches for stocks that:
--have a big pop
--have a lot of buzz around them on iHub and Stocktwits, etc.

and then he posts a chart, attempting to use it as bait to get people to subscribe to his charting services. There are those that then pile in on the short side.

I don't look at Clay as a leading indicator of a stock that is going to fall, but rather I see him as a lagging indicator for stocks that have had a good pop.

Clay's posts are irrelevant to anyone with a time frame longer than a week.