SwingTrade Member Forum

[mcmike]

DYNT took a scalp on today's dip

from 1.85 to 1.95
DYNT does not trade enough volume to render normal TA effectively as a trading tool imo.

When buying at an institutional level does come in it quickly takes out a number of asks and moves the stock substantially.

When short term traders jump in looking for more they get disappointed in the volume/liquidity and often times exit providing bounce opportunities.

November earnings release is approaching and the company does not publish the date.

Am maintaining a substantial long position for capital appreciation in a sector where folks with money whose interests will continue to be protected in the recent election will continue to elect to have procedures to take the lines out of their faces and line DYNT's coffers and investor's pockets....something like that

For those looking at the longer term chart...the volume spike in March was due to a Tobin Smith recommendation (am not a subscriber). I am long based on FA not TA. The stock could move substantially on the coming earnings...either way i spoze.