Out of all of the commentary on $HTGM nobody has really stated the idea of rather or not the stock will crash or go up on Monday. Rather, or not the $HTGM supernova is over? I just assumed on Friday 3/24 that this play was completely finished and someone would be crazy to think that this would go up more. Then, I was on stocktwits and a lot of people are on the notion that this will go up more on Monday. So being the person that I am... I went and placed an order for the $HTGM on Friday. Then, it fell like .50 so I got nervous and cancelled it. The argument was that $DRYS had this situation and $AUPH had this situation before and they went like $50 or $100 in their rally. I know yesterday they kept stopping trading due to volatity. So at the end of the day this symbol has traded 53 million shares all the way up to the end of the day yesterday. So what are the odds of this thing doing more Monday. I am not that experienced in this yet. It just seems to me it is a 50/50 possibility and does seem like the shorts would be done at this point and this could explode more on Monday. I am thinking of holding a small position atleast through opening on Monday. So what is your thoughts on this?
I will personally watch it like a sniper as I think this could hit 50 or more but the important factor is volume and price/action premarket. I'll be in the chatroom @8am !
Watch it closely Monday morning and if it's there, take a portion of the profit...but only if it's there. Don't take a 50/50 shot.
Definitely don't try to predict. Market is always right. Let the stock tell u what wants to do. If u not sure how to react i will stay out of it completely.
you can use Level II in pre-market on Monday morning to see where price action is heading. Even right up to last minute before market open. See if it is setting up the way you want. Are you trying to go long or short with it is more important question. Then use level II to see entry and exits and if working per your plan.
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