Jul. 28 at 2:36 PM
$NA @STOCK_7 Recall that in June it rocketed unjustifiably from
$3 to
$31, and you would then know not to waste your time wondering why it has shed 50% in July. As for who is selling? Not expert traders seeing as how they bought NA at the lows and sold on its way to the highs and are now long gone, satisfied with their mesmerizing gains. Who then is selling? Well, it could very well be those that chased the highs and have now concluded they should take their losses and move on as well. And then, there are those like me, day/swing traders, that are getting their kicks buying at or near
$7 and selling the next day's 10, 15% spike to or near
$8. Now that you know to ask the right questions, that takes you from being an amateur to being an intermediate investor. Good luck.
