Meh, we're in a bit of a trading range here and you are going to see selling at the end of the quarter as managers re-balance their portfolios. Plus people are going to start preparing for the election and the media is doing their best into scaring the country back into a shut down partially because of said coming election.
For all intents and purposes in a longer term view this is still a bear market rally. [Reply]
Originally Posted by petegz28:
Meh, we're in a bit of a trading range here and you are going to see selling at the end of the quarter as managers re-balance their portfolios. Plus people are going to start preparing for the election and the media is doing their best into scaring the country back into a shut down partially because of said coming election.
For all intents and purposes in a longer term view this is still a bear market rally.
Agreed on the last part. I think a short term rally continues before a bear returns. I’m profit taking in chunks. [Reply]
Originally Posted by lewdog:
That still has nothing to do with “showing support” at $1.60.
I've been watching this stock every day for weeks. People keep buying in the 1.50s and now it's building in the 1.60s. Trust me, it has a shit ton of support.
It's been very slow and steady for a long time now.
You guys are hilarious. You have seen IBIO jump primarily because it is joining the Russell indices as of COB tomorrow as part of the annual rebalance of the index. Tomorrow and Monday will be huge days because literally 8 trillion in funds are based on the Russell 2000 index. Selling AH tomorrow or on Monday is probably the play. [Reply]
Originally Posted by Nightfyre:
You guys are hilarious. You have seen IBIO jump primarily because it is joining the Russell indices as of COB tomorrow as part of the annual rebalance of the index. Tomorrow and Monday will be huge days because literally 8 trillion in funds are based on the Russell 2000 index. Selling AH tomorrow or on Monday is probably the play.
Just a clarification that "you guys" = Clay. He's the only one here who keeps hammering one particular stock he's hung his hopes and dreams on. [Reply]
Originally Posted by DaFace:
Just a clarification that "you guys" = Clay. He's the only one here who keeps hammering one particular stock he's hung his hopes and dreams on.
Originally Posted by DaFace:
Just a clarification that "you guys" = Clay. He's the only one here who keeps hammering one particular stock he's hung his hopes and dreams on.
You are right, my apologies for casting a wide net. [Reply]