Hearing @Bloomberg analyst talk about the reverse carry trade is annoying. They suddenly all see it now?They should bring on @leadlagreport and let the him break it down. Michael's been talking and posting about this topic long before anyone mentioned it. Give the man some shine.
There are certain things I look for in trades, active accumulation being one. VWAP is the best weapon in the bag in my opinion when matched with EMA's. Picture perfect accumulation on $SDST You have well over 8 hours of VWAP above the 200 EMA, price pinned. Someone's loading up.
@JSipp712 I buy slowly over time with penny stocks. Once the position goes into profit I won't put another dollar into it. I think it rips too. I'd like to see mid 30's, low 40's.
Only because I think transparency is vital for keeping integrity intact, this one goes out to @JSipp712 on $SDST I can not predict a bottom, so accumulation is the only tool I got when following my script. My chart hasn't changed, so the trade hasn't changed. #BuyLowSellHigh
@JSipp712 I accumulate while its dropping. Not when its running. If I could call every bottom, then i'd never have to accumulate. The market is unpredictable. I mark out my buy in target and mark out where I want to be mindful to start taking profit. Time takes care of the rest.
Shares aren't being borrowed, they're being returned. $SDST I think they announce the ATM sale is complete in the next few days and we see that pump. My focus is all on the 4hr now. Let's see how it plays out.
@JSipp712 Nothing has changed for me. I am bullish. No one can predict the bottom, so I welcome dips. I'll average down, but I'll never buy once I go into profit.
$SDST has had its second 9/21 EMA cross over on the 1 hour. Vwap has broken through the 4hour 21 EMA. Need that 9/21 EMA cross on the 4hr next. I believe this will rip again. Give it time.
The Nor Easter hasn't hit yet and the wind and rain are ramping up. I keep seeing clips of the shore getting pounded. This sucks. Guess I'll grab a 30 pack and play COD until we lose power. This weekend is cooked.
@boogeymantradez Been watching this too. Grabbed a small position after the 1hr 9/21 EMA crossed. Might take some time to play out, but I think they send it back into the mid .30s again.
@manvip33 Anything is possible in the market and with penny stocks, but no...I personally do not. They're diluting now. I think we will see another pump and dump into that .36 range again and then a sell off into an R/S.