InvestorsHub Logo
Followers 860
Posts 28265
Boards Moderated 1
Alias Born 03/16/2014

Re: None

Tuesday, 08/28/2018 4:14:09 PM

Tuesday, August 28, 2018 4:14:09 PM

Post# of 30465
PERFECT CLOSE, HERE IS WHY

Every long wanted a green close today, including me

And when I noticed there were 2 separate bids at .08 and higher with 15 seconds remaining, I figured we would get one today

And my initial reaction was disappointment that we didn’t

But then my intellectual side overruled my emotional side and I became happy for the very slight red close

And here is why...

People on the sidelines generally feel better (safer and more secure) about entering a stock after it has recently enjoyed a parabolic runup if it has 2 red days in a row, rather than just 1

And today we got the best case scenario because we all know CANB traded strongly today coming off the bottom at .062

And we came all the way back to .0798 on very good buying volume

So it basically felt like a green day even though technically it was red

The fact that it closed barely red will probably bring in more buyers tomorrow than if we had closed barely green

So in the end, we got the best of both worlds with the close today

CANB


Sleek


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CANB News