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Thursday, May 19, 2022 4:08:23 PM
Probably stay green at some new base line far above .002, say .02 then. But the rise will be very quick and even far beyond .02, say .20 this time. All happening in a week's time.
Longs foolish enough to think VXIT has potential far beyond .20 will hang on to those share as we all did when it hit .12 last year. Most long termers are futuristic. They KNOW the potential of VXIT. Nowhere near $.20. Once again, we ride with most of our shares.
Then, shorts pile on once again. We enjoyed the ride for a week. Shorts will enjoy their ride for as long as there is relative silence from the CEO...say for the next quarter financials. Shorts will have, with the help of MMs, 90 days to suck most of our green, possibly down to .02 from the glory of .20 in my example.
I am starting to feel like a severe drunk, drinking all night and having a hell of a time while morning lies just ahead. When you open your eyes on that day, you can't remember the fun you had last night but the displeasure over the next few days doesn't seem to justify what fun you think you had.
The cycle of trade simply doesn't provide that much fun to justify doing so, with the exception of so few. I personally have had a long hangover with VXIT.
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