Still on the verge. The patience is a tough one.
GT500 Jul 21, 18 11:41 AM
@Madbash The only question if if this is actually the back side now on daily or not (if so i think it can easily go to 2.00-2..50). To me all WEED sector looks weak again, after it tried to make bottom. Only CVSI and COOF is holding up fromall OTCs. Even NASDAQ are weak, only TLRY IPO of going crazy, but I think we are still in a down trend overall. Now unfortunately I am not in, since I was a little scared of that jump on news Thursday, now looks like that was great opportunity. Maybe on Monday
Madbash Jul 21, 18 5:39 PM
@GT500 Yes, when the news spike failed to hold I was very tempted to get short. Your observation of the 2.80 support is good, but there is also support at 2.60 it seems. This could easily give up 15-30 cents a share each day next week, but it is hard to deny the overall up trend.. Adding into strength toward 3.00 is still a possibility.
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I got a little piece of this low float energy pump, but i was not "brave" enough to hold o/n.
This is how I spent my available funds at Etrade. Wait for the Best Set Ups!
No borrow, No cry is one thing. Make sure your accounts are funded and active. Don't PDT your account, and always keep a trade for the A+ set ups.
With any low float run up in a sector, expect bounces. The challenge is recognizing the reversal, and buying the b/o before the best r/r is gone.
I need more patience and better timing.
I PDT'd my IB account, so I have been digging more into all these tickers to see what makes them tick. I would have to consider a short on this if today's candle can confirm the reversal.
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