I do know how to flip -- and do with some stocks. It's not that money can't be made here flipping, I just think it's unrealistic to think that flipping works at these levels on this stock.
"IFF" a person got really "lucky" (and that would be foolish investing) then there could have been some really nice flips having looked at hind-sight .... which people can't do when investing daily.
This thing charts like a 3 year old holding a pencil for the first time. Charting might indicate trends, but it doesn't take into account rumors, fear, and the PR's and the news they bring us. Those are the factors that drive the swings flippers need to make serious cash on a regular basis and our swings haven't been wide enough except on rare occasions.... and that's the problem. So flippers sit around and bash when it's high, and are quite when it's down; each time hoping for a bigger swing and settling on beer money.
One day they'll be sitting quite (not holding) and the stock will keep right on moving northward and they will have lost all of the gains they made trying to catch up -- if they don't lose even more in lost potential.
That's my take on flipping this particular equity.
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