Jul. 16 at 12:06 PM
$ALB
The usual squeeze before earnings is in full swing.
The MMs need to aquire shares as cheap as possible by inducing weak hands to sell.
I’m back in with 500 at a DCA of
$124.53. Really hard to predict how low this will go the next two weeks but they will push hard to get in as low as possible.
Bought 1100 IBM at a DCA of
$213.19 during Tuesdays record one day drop. Currently underwater on this trade but hopefully I can add a lot more ALB if IBM recovers quickly and the shenanigans with ALB continue before earnings.
But IBM may drop further and take a while to recover as WS is at war with SaaS stocks right now and has some like INTU down over 60%.
With collusion and high speed algo trading the shysters call the shots. All you can do is notice their trading patterns and try to establish a decent DCA for the eventual reversal.
