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Wednesday, March 25, 2020 10:47:06 AM
SELL THE DEAD CAT BOUNCE. JMVHO. LMBFAO.
Absolutely! Usually when a P&D stock is on the way you down will often see some early morning "reloads" (cause we all know there aren't any new buyers here lol).
What usually happens is more money get waste hoping that a few morning buys might lure in others, but 95% of the time it fails and after lunch you see those reloads dumped at a loss.
BUT, those "save us shares" do offer a chance to get out a tick or two higher. So I guess that is one positive thing.
Kind of like fake bid support. I was stuck in a stock over a decade ago and someone put in some fake support and I dumped everything into it so fast they didn't have time to spot the whacking and pull the order so they got a nice full bag of regret.
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