InvestorsHub Logo
Followers 16
Posts 1267
Boards Moderated 0
Alias Born 01/24/2015

Re: Nebuchadnezzar post# 13391

Thursday, 03/04/2021 4:31:26 AM

Thursday, March 04, 2021 4:31:26 AM

Post# of 142766
Thanks for the response/perspective and I got the PM.
Your trading style and mine are close with swing and no margin (I haven't optioned or scalped...yet?); I just buy/hold/sell for long terms until price targets are hit and can hold forever as needed as well.

As requested, my opinion:
Those two charts didn't have as much of a effect on me as much as zooming out some and seeing the classic textbook cup and handle in a more macro longer-term view. Guess it just depends on how close we want to set the sights, eh? smile

The channel formation which, if precedence holds, means a big push change within a couple weeks. Rather than news, the options chain may make that happen as a catalyst IF the closing price cooperates (regardless of volume). Volume is a secondary factor now. Because as it coils tighter the availability of shares dry up which leads to more price action on less volume...(unless it goes stalemate, synthetic shares notwithstanding). It's just a matter of how big of a penalty shorts want to impose on themselves (A. lose big now by covering quick at lower end and maybe convert to a long position via call options knowing squeeze will propel PPS up and they can ride the wave, -or- B. lose much bigger later at upper end knowing it'll only propel PPS artificially further up than the first option and hope to recoup some by shorting on way back down from the moon (if they can find buyers in outer space anymore), -or- C. hope that nobody flinches, options never exercise, catalysts never present, all the longs sell, pay the FTD penalties, and everything just fades away; which is unrealistic at this point). Seems like the first shorts to blink and cover have the least amount of pain in this scenario so far. Between call shares delivery, short covers, natural buy pressure, previous "normal" PPS levels of $35 within a few years ago, company health improvements, and FOMO, this could be a FAST move up. The speed bumps will be where sell PTs are set. (Mine are in hundreds to stay out of the way and see what this can do.

But with as big as this cup is I'm more than willing to wait for however long it takes.

All IMO of course.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMC News