Posted by steverobin on 16th of Apr 2019 at 05:35 am
Adverum Technologies-Check out the huge gap down on the opening.
Took out many stops after drifting lower the last week and
then a sharp reversal. Owners wanted it cheap again?
Certainly an odd candle and bizarre trading day, but it's not a
thinly traded stock ($1.2m shares on the day). How exactly
does this possible "manipulation" work? Rumors just prior to
the open that are quickly dispelled?
Would like to understand how a stock gaps down huge like this at
the open, then IMMEDIATELY reverses course to gain 11% on the day.
What series of events creates that reaction? News after
the open? Just trying to understand and hopefully never get
caught in this type of reversal using proper stops.
Adverum Technologies-Check out the huge
Posted by steverobin on 16th of Apr 2019 at 05:35 am
Adverum Technologies-Check out the huge gap down on the opening. Took out many stops after drifting lower the last week and then a sharp reversal. Owners wanted it cheap again?
Certainly an odd candle and
Posted by RichieD on 16th of Apr 2019 at 06:42 am
Certainly an odd candle and bizarre trading day, but it's not a thinly traded stock ($1.2m shares on the day). How exactly does this possible "manipulation" work? Rumors just prior to the open that are quickly dispelled?
Would like to understand how a stock gaps down huge like this at the open, then IMMEDIATELY reverses course to gain 11% on the day. What series of events creates that reaction? News after the open? Just trying to understand and hopefully never get caught in this type of reversal using proper stops.
I don't like to call
Posted by steverobin on 16th of Apr 2019 at 09:17 am
I don't like to call manipulation because it sounds like a rationalization.....however, here it is hard to think it was not.