InvestorsHub Logo
Followers 314
Posts 5761
Boards Moderated 0
Alias Born 05/21/2011

Re: None

Wednesday, 10/18/2017 4:15:14 PM

Wednesday, October 18, 2017 4:15:14 PM

Post# of 346651
Great start to this reversal! Today’s action displayed the importance of providing bid support when there is pressure building at the ask.

I didn’t have to spend any money, but still assisted in pushing a little.

None of my orders filled today. Had a 100K top bid for the last 30 minutes or so of the day, with a hidden extra 200K bid shadowing lower.

Now I still have $50,000 in reserve to “strategically” assist with AMFE. It cost me 1500 shares of a different stock to “experiment”, but funds from that sell order helped my current position in AMFE more than it will impact the remaining shares from that other stock I sold.

Anyone who holds positions in steady blue chips, now is a good time to rebalance your portfolio. I just started this week. Cleared out 1500 shares of T, and late last week cleared 2K TWX shares. What should I do with that other $200K+ from TWX?

Long AMFE
Rec