well Steve was in it from 11, so I don't know what you mean by
open lower, worked great for him, wish I was in it from there, but
day trades it today. Otherwise I'm not going home with it over
weekend, day trades for me in it today only
Just sharing my observation about its historical behavior for
the last two years. Doesn't mean it will do that tomorrow. I'm just
looking at the "pop" days. Going back two years on a daily I see
seven very large pops. Today's is by far the largest. Just look at
the next day after each pop. Mind you - I won't short this. Way too
risky for me. But the history shows a significant pullback the day
after a huge pop.
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When I look at MXC
ZIM DAC and other shipping stocks topping.... sign of energy ...
Posted by Trendie on 4th of Mar 2022 at 03:28 pm
When I look at MXC daily history I'd be lining up a short on these pop days. Seems to open a lot lower the next day. Dangerous game though.
well Steve was in it
Posted by matt on 4th of Mar 2022 at 03:30 pm
well Steve was in it from 11, so I don't know what you mean by open lower, worked great for him, wish I was in it from there, but day trades it today. Otherwise I'm not going home with it over weekend, day trades for me in it today only
Just sharing my observation about
Posted by Trendie on 4th of Mar 2022 at 03:38 pm
Just sharing my observation about its historical behavior for the last two years. Doesn't mean it will do that tomorrow. I'm just looking at the "pop" days. Going back two years on a daily I see seven very large pops. Today's is by far the largest. Just look at the next day after each pop. Mind you - I won't short this. Way too risky for me. But the history shows a significant pullback the day after a huge pop.