morning,
yes, trendline day - if things were somewhat normal - one would think bounce day.
However, in this climate - IMO, there is probably not a lot of 'real' sales going through at all.
Big players like GS can push these little companies anywhere they want to - for whatever purpose.
So, if that sort of manipulation were happening - how could one trust technical analysis at all?
If I look at it TA wise - I find it all fine (95% fine anyway).
If I look at the business - I find it pretty close to 100% fine.
If I look at who has been buying and selling, the time of the SEC process, the time before listing, the games that are played just before and during listing etc. etc. -
well, I am about as far from fine as one could get ---------------- not worried or concerned - but, I haven't got a clue what is happening.
Basically I expect anything - up, down or sideways. -- Even an early bid.
If I had to put money on it - I would back in a bounce - remember I am an optimist.
Have a great day all.
Pinto
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