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Re: None

Tuesday, 07/16/2019 12:20:42 AM

Tuesday, July 16, 2019 12:20:42 AM

Post# of 73928
Today's drop was not because market makers were short - they weren't or you would have seen a large increase in the daily short volume on Friday
Buying interest in the stock definitely slowed Friday afternoon and buying interest was sluggish this morning
Once it starts falling professional traders won't buy until they sense a bottom
Typical ihub players didn't buy today, stock is too expensive for them
Upside potential is still very high but consolidation/sideways movement is likely to continue for a few days
I'm very bad at picking bottoms, won't venture a guess to what that may be
All of the above just my opinion

It's nice to have a lot of horsepower in the engine room but you need some in the wheelhouse too.