Nor am I. I don't think the first day really counts at all, except to establish a baseline. It's the second day that's important. The idea is to prevent pump groups from taking a dead stock from nowhere to the breakout boards in a few hours.
That would be pretty difficult considering the main first group is very organized and they wouldn't be sending memo's to the DD board. By the time the local mobs hit the board along with the chart guy, it's taking the prescribed nose dive into the abyss.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.