So there was no MSRT to short. I bought NSPH at 2.97 at 3:35 EST and it promptly slid to close at 2.87. The news seemed very positive, and moments before I bought it tested support but it passed, so I thought it was still a good long. Was I wrong, or is this drop just market makers trying to trigger stops?
I suspect based on this development that I may be able to sell at a slight profit or slight loss, wait for it to fall, then possibly get back in at a lower price in time for it to spike up.
So there was no MSRT to short. I bought NSPH at 2.97 at 3:35 EST and it promptly slid to close at 2.87. The news seemed very positive, and moments before I bought it tested support but it passed, so I thought it was still a good long. Was I wrong, or is this drop just market makers trying to trigger stops?
Thanks so much for your words of wisdom. It's very much appreciated!
Whew, after market NSPH has climbed back to 2.89. Looks like I may have a chance to get out at a profit tomorrow morning after all!
I suspect based on this development that I may be able to sell at a slight profit or slight loss, wait for it to fall, then possibly get back in at a lower price in time for it to spike up.
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