Saturday, February 09, 2019 2:29:36 PM
Even earlier in the day on Friday and all day Thursday whenever the MMs would try to push it down there was stronger buy pressure to move it up. Traders looking for consolidation need to look at the intraday trading the last few days and they will find it. The consolidation occurred in stair steps (2-3 steps up and 1 step down...this occurred over and over...every step down is consolidation). This is how stocks break out when big money is involved. They’ll consolidate on the way up...if you noticed the daily moves have been controlled—20-50% gains—and not the wild 100-150% gain followed by a correction.
We may see one of those wild 100, 150, or even 200+ % gains after the harvest release. What happens after that will be determined by the content of the report and other news associated with the report: who was at the harvest? potential buyers announced? expansion plans? (upstate NY was mentioned by Peter from F&T) what media channels pick up the news?
Will there be a post harvest news pullback/correction? All depends on the above...
Recent SHMP News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 09:04:35 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:01:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/13/2024 04:15:10 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 11:30:31 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:56:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 10:01:21 PM
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