Quote: 'Now if someone can of course outline what they use to foretell which days will have killer wide moves, then I'm all ears.' TT: I like to think that after 3 or more days of low volatility, and trading in a a channel or triangle. Once the price breaks out the next day, the moves are bigger. I've heard comparisons of a 'coiled spring' Hope this makes sense.
Im probably getting overzealous on this one, but ANTH has all the markings of a stock thats about to go parabolic, 27% of the float is short, and it just did an 8 for 1 reverse split a month ago, i really think this thing goes to three, picked up some here at 2 bucks and will be looking to build into it on strength, only problem is no catalyst right now, i cant find a news item that explains why its up like this premarket.
I would hit this offer at 2.04 on ANTH right now for all 9k shares if i knew there was a reason it was up right now, but it seems like its just gapping up on nothing, which leads me to believe it could fail, but im long 1500 for now at 2 bucks, looking to build over 2.20 if volume comes in cause that will start making it register on peoples scanners. It really is too bad that there is no news on it, cause this would have been an epic trade.
LOL, its really shitty that there is no castalyst on ANTH, i want to smack the shit out of this thing, but there isnt enough news or any reason why it would bring eyeballs to it. Its just the fact that its a low floater that did a 1 for 8 reverse split a month ago and it has a 29% short float, the mechanics of the stock all make sense, but there is no catalyst to drive it.
LOL, serves me right for selling myself on this piece of Chit, made 5 bucks on it, shouldnt have even taken it without a catalyst, but it had all the mechanics of a stock that could go parabolic, low float, reverse split, high short ratio, push through an even dollar mark. ANTH had everything i needed except the catalyst, but without news there isnt enough buyers paying attention to sustain it in most cases. In this instance i was hoping it would go through 2.20 so it would trigger day traders scanners and make it go nuts, and 99% of the time if your hoping for a stock to get to a point where daytraders might notice it, you are already fucked.
Careful chasing breakouts, or breakdowns right now guys, odds are we chop it up till fed decision. As effed up as it sounds right now the market is in balance waiting for new information, it will pick a new direction right after the fed decision so there will be lots of opportunity, but dont blow it chasing shitty ideas before the fed.
Nice eye on that top Chuck, i know that 9 out of 10 times whatever the fed says it gets spun as bullish, but i think this time it might be different, longs are looking for a bailout now, no one with money and size is looking to buy even more at this level, i think we melt down after the fed, but thats just my guess, it could go either way thats why i dont trade going into too it.
LOL, shorted 100 shares of NUGT on the logic, of course if Rates go up, Gold must go down, but the market doesnt necessarily react that way, but of course, since i only shorted 100 shares of NUGT for something to do, it turns in too a home run, lol story of my life. Im taking these shares to the bank baby, 3 dollars or bust. Break even or 10k.