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Re: novicetrader post# 23

Friday, 09/27/2019 9:21:42 AM

Friday, September 27, 2019 9:21:42 AM

Post# of 35
Yea, I am a news momo trader and jumped in the day they announced the merger and expected to make a lot of money and it pretty much did nothing. But I kept it on my stream watch list expecting the day would come when it would awaken. I decided a couple of weeks ago that that day had to come and the downside risk was so negligible that I decided to just park a ton of my account in it. The thing that has been so weird about the trading has been the tight range in spite of tons of orders passing through for 100,000 shares, etc. Judging from volume today in PM (amazing there is any), the march towards dollar increases may have begun yesterday.