Just checked KALA out of curiosity. At year end this stock
went from $4.00 to $55.00 in 5 trading days on volume of
approximately 121M shares. Has drifted down from $55.00 to
$10.00 over the next 38 trading days on volume of approximately 25M
shares. Volume has literally disappeared (6.000 shares traded
so far today). Anything to read into this? Can a flag
last that long? Trying to learn.
Posted by mastermind on 1st of Mar 2023 at 10:22 am
Similar action on MSGM, but a little more recent. I've gotten
sucked into these kind of stocks a few too many times. Bought KALA
for a bounce that didn't happen. Stayed away from MSGM.
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Just checked KALA out of
Posted by RichieD on 1st of Mar 2023 at 10:11 am
Just checked KALA out of curiosity. At year end this stock went from $4.00 to $55.00 in 5 trading days on volume of approximately 121M shares. Has drifted down from $55.00 to $10.00 over the next 38 trading days on volume of approximately 25M shares. Volume has literally disappeared (6.000 shares traded so far today). Anything to read into this? Can a flag last that long? Trying to learn.
Similar action on MSGM, but
Posted by mastermind on 1st of Mar 2023 at 10:22 am
Similar action on MSGM, but a little more recent. I've gotten sucked into these kind of stocks a few too many times. Bought KALA for a bounce that didn't happen. Stayed away from MSGM.