InvestorsHub Logo
icon url

ChiJ

03/05/20 6:30 PM

#184341 RE: es1 #184336

If it holds the hourly trendline from last Thursday's close then the only chance for a dip should have been this AM 30 minutes after open at .2048.

The close today is sitting right between the 200SMA and a major pivot at .25. Kind of what I thought when I mentioned yesterday that it should re-test both before advancing. Its also still in overbought territory (daily, not interday) and the combination of that and the two re-test areas should mean smaller candles for the next few days. Without some serious momentum, that .25 level is gonna be a B and could be around until we get closer to 3/19.

icon url

trainer2

03/05/20 9:16 PM

#184343 RE: es1 #184336

es1, nice and you should be so proud of what your kids will have.
icon url

faithabides

03/06/20 12:17 AM

#184345 RE: es1 #184336

Sure wish I knew that you were attempting to sell half your .10s to reposition. I would have sold some first today to accumulate more in the low .20s. I was a buyer only today. Still have some more cash and stocks that I could sell. But, I feel better about being more in than not. ... I have a rental house but no way to get funds by selling or HELOC in a quick enough manner I think for this move into the press conference call.

Would appreciate if you are selling something significant again to let me know especially from here to .50. I really don’t want to lever up over .50. I would simply hold and sell a little around a $1 and then probably hold the rest unless I could see a clear opportunity to sell for at least a 40-50% pullback. For that, I would think we would need to see a PR with some sort of failure again.

Right now, I just see this potential that is really bigger than a lot of us are imagining. But I think it would be very hard to hold above a $1.50 if some kind of setback were to be announced up there or it just ran up too extremely fast that short sellers really seized on the opportunity again.