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Message: Re: The rats!

Jan 16, 2024 11:04AM

Jan 16, 2024 12:34PM

I am certainly pleased to see us close at another near-term high.  And please understand that my earlier posting was not a complaint.  I was merely trying to make sense of Friday's sell-off at the end of the day by linking it to a possible group of marketeers who look for rapidly moving stocks like this one. 

As you probably know, such investors will buy into a company about which they know nothing merely to ride the trend, buying low in the morning and selling off near the closing bell to pocket the difference, sometimes daily. 

Happily, my speculation about what happened on Friday was not proven correct today.  Maybe later, or perhaps not all.

 


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