Everyone knows that the DNC bill will become law,,,
whether it's signed or not.
The problem for copi is when anticipated news hits,
the dependent stock takes a hit. Could be next week.
It's called "buy on rumors, sell on news" .
Meanwhile, today was great for shorters.
And a few lucky flippers, who were financed by two painting
crews, that arrived at noon, and end-of-day.
Otherwise, copi drifted down all day.
Looks like the shorters left at noon, to get an early start
on the 3-day-weekend. We expect them to return on early
Tuesday, and finish the job. Even if the painters mop up
a little, as the shorters sandblast copi down to .030 ,
especially with no more waiting for annoying upticks.
The real, underlying problem with copi is that the longs
keep trying to push it, way beyond copi's own news releases.
And, everyone knows that PR's are way overly positive to
begin with. It's the perfect set-up for shorters.
After we shorters cover next week at .035 , we expect the
longs to buy it back up, maybe to .065 , which will just
set it up for another short run back down to .025
And, the flippers + day-traders will arrive en masse.
It should be very exciting next week for almost all,
except those who only buy + hold + average down.
GL + A Nice Weekend To All , including advisors
P.S. , Very profitable day, and it only cost 6 free posts,
leaving 9 unused, but who's counting.
Averaging-down is profitable, for shorters, only.
