Going up.
I expected cassava to dip yesterday but not that hard. Today I expect it to go back up. Let's see. This is a stock that's exceeding my expectations in both directions.
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Cashapp $Ashleyciza
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70061023 : still dipping
DirgeCiza OP 70061023 : It will go back up. It’s working on it. No reason for it not to lots of positive news about the clinical trials and their Alzheimer drug working as expected so far.
Trader-101 DirgeCiza OP : I've searched every where and there is no reason for the dip I don't know if you have this link but they do daily updates on every biotech stock
https://www.biopharmcatalyst.com/calendars
Trader-101 : the only thing that would make sense is that someone was holding a large amount of shares and dumped them all at once and others began to panic which caused a chain reaction
DirgeCiza OP Trader-101 : I was watching this happen to a couple of stocks. The only thing I saw was on news story trying to fake people out to dump it with a bad projection they pulled out of their butt and the stuff going on with “world war 3” people pulling out stocks because they need the money to “prepare” and “all of the market will crash” “death to america”. People just lost their cool. It should wreck tomorrow.
Trader-101 : I'm not selling eventually it will die down I've been doing this long enough to know that if you hold it for long enough they will always bounce back
DirgeCiza OP Trader-101 : Exactly. I was just trying to teach that to one of my friends this morning. His stock dropped and I saved him $60 telling him to hold on. He was in tears. I said just wait. I told him it could take weeks sometimes months but unless it goes bankrupt or gets delisted or something crazy it’s fine. he got super lucky and it went back up just before closing today. He got his money back (I told him to put it 20 cents higher) so he saved the $60 and made a little bit on top. He was ready to sell for a loss. Some people just can’t take the pressure. He was hyperventilating once he got his money back.
Trader-101 : Tell your friend that they need this star setting a conditional order and set a trailing loss That way they don't have to worry about taken a big hit ever Familiar with it what it does for example sava is
At $7 But it starts going all the way up to $10 but if the momentum changes and to starts to drop you can set your trailing loss to say 50 cents below whatever market value is so if it drops did 950 it sells it for you
50 cents was only an example you could set it for whatever you want
Trader-101 : Sorry meant to say trailing stop
It's one that I did just for reference
DirgeCiza OP Trader-101 : I know what you mean. I wasn’t able to show him because hes using first trade. Not 100% sure what his configuration looks like. He said he would bring it over and show me tomorrow. He can’t figure out what he’s doing half the time.
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