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Re: WalkInClouds post# 13043

Monday, 03/16/2020 10:32:57 AM

Monday, March 16, 2020 10:32:57 AM

Post# of 63076
You make good points. We have to remember inspite of bullish promotion over 99% of these stinky pinkies return to their original breakout or lower. The few that succeeded to a degree have hung many investors as unrealistic pictures are painted and they hold out for the BIG ONE that never comes. Then add all the way up and when and the promotion is over they are holding shares way above the then current price with little to no hope of getting out whole.

IMO, all the volume churn without solid upward price movement smacks of distribution which may be short lived, or not. IMO if volume continues at the current run rate today without SOLID upward price movement, I would be convinced distribution is in process.

That's why I got out today, I can always re-enter if I choose.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y