I didn't read your post at first. Yeah I gotta look at this one a little more in depth. I wish there was a way to know the short interest at any given moment. Someone has that capability, you get can bet on that. EDIT: Just glancing at that thing though, one could make the argument for an "ascending triangle" starting around 1:10 PM up there at about $86, which would have tripped a buy at about $94.... I guess it had already come far enough though. Of course one could have said that at $60 too. The VWAP break... giving it a few minutes and then right at about 15:25 PM... that was a sure thing, I would have jumped on that one. But A)... good luck on a locate at that point and B).... in comparison to the rest of the day, your playing for a few crumbs. But no one knew where it would level off either. That early action around the $58 level merits studying as it's where the stock ended the day. But its useless unless you know what the short interest was imo.
Short float was low at the start of the day. You mean descending triangle at around 1:10pm EST? It doesn't really look like it's descending much. Too flat for me. But one could have played the short breakout of the 88-97 channel. Stop would be 88 lower channel. That would have been very profitable. Holding then reshorting more at the VWAP break. Yeah, not sure about short locate. You have to have a good broker. Stock is not illiquid tho. Average volume prior to spike was decent. Lol at the crumbs comment. Risk/reward is the important factor. VWAP short with small stop yielding big rewards to the downside is always a good thing. High probability. You do larger volume for bigger reward. Risk $1 stop above VWAP for $10+ gain. That trade would have been great. When it doubled, people could not have know it was going higher. Only way to not play for crumbs but for the whole enchilada is if you had inside trading info. Look at the option action prior day, I'm sure some insiders got in good before the spike. Biopharm stock with evidence of a major medical breakthrough?? I wouldn't want to be short. I think it would be have been safe to consider only AM longs and possible PM shorts if there are downside affirmations.
Yeah I didn't use a decent chart when I looked at it. No AT at 1:10PM. Regarding the short interest, I was referring to up to the minute type info, merely wishful (out loud) thinking on my part. But yes at the beginning of the day it wasn't too high, based on the stale info we mere mortals are privy to. As for the options, there are none, so no tells were available there.
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This is a tough time of year for me. So many headaches getting the house up and running in the country. I get up 9:30 and it's chore chore, chore, chore it's 3pm before I can even breath. And there's so much more to do- Now The pool jets are not filtering. No decent flow. So I skim the rest of the day so some friends that stopped by could swim. Damn tree is dropping worms and other little pollen things. And the temp is not right -the temp turns off because it thinks the pool is 88 but the unit is getting wrong reads from the pool -off by at least six degrees maybe more. I haven't even tried to get the Jeep out of the barn yet.. Christ I'm worn out. It takes a full two hours to water the plants and we are in drought conditions already. Am I older? Or is all of this harder?
What's up with Belarus hijacking a RyanAir flight and arresting a journalist Stoney? This is not good. https://www.bloomberg.com/news/arti...porter-on-ryanair-flight-forced-down-in-minsk
Those little worms falling in the pool... give it a few weeks and their little worm brothers and sisters will be giant 7 year locusts. Cicada's. You'll love those.
LifeMD, Inc. (LFMD)- WhaT'S THE WORD VAN... NasdaqGS - NasdaqGS Real Time Price. Currency in USD 12.71+0.58 (+4.78%) At close: May 21 4:00PM EDT 12.80+0.09 (0.71%)