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Re: pqr post# 398536

Saturday, 08/28/2021 5:10:25 PM

Saturday, August 28, 2021 5:10:25 PM

Post# of 701416
Hi pqr, it's understandable investors want to know why a stock went up or down. In my years of trading, many stocks go up or down on no explicable reasons or correlation to news. If a stock falls on good news, it's explained as "buy on rumour sell on news" or if a stock goes up on a bad report it is explained as the future looks good. I don't pay much attention unless it's game changing news such as TLD. I didn't expect anything to come out of Dr LL's talk as that is not the forum to share news. All I knew that there was a coming spike based on the chart pattern . This is not meant to be smug but the fact is I don't know or could explain it.

As to why the price didn't revert back to 1.20, it's possible it might get there next week or delayed reaction. I can see a low of 1.20-1.22 on Monday but close high EOD.

The run up to 1.47 regardless of reason showed strength as it formed a higher high from 1.33 so we wait for this consolidation to complete and await the next move up.

Pedal to the Metal

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