$Imperial Petroleum (IMPP.US)$ look at that uptick in short ...
look at that uptick in short volume after that little uptick in price. geez ๐ฒ๐๐
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
usersign : What does it mean
jbear77 OP usersign : means that as that price increased shorters hedged against the stock to drive the price back down.
Dons hobby : Thanks for your posts Bear I appreciate it. I guess I will try to swing this again, only option really. Either do that or sit and take the hit.
jbear77 OP Dons hobby : well, a good stock they won't hold down forever. but swinging these kind of stocks is how to make money. or averaging down and waiting it out
jbear77 OP Dons hobby : I would have sold out if it got above my average, but that didn't happen so I'll wait it out.
Dons hobby jbear77 OP : Thanks I appreciate it. I am trying to find the bottom with minimal loss. I really like this stock and has got good Mgt. and cash flow.
With the fleet size up to 10 and high transport costs I wouldn't think you can hold it down indefinitely.
Dons hobby jbear77 OP : You know what to do and when to do it. I on the other hand can understand a good stock but I am at a loss when it comes to the in-depth knowledge and charts information.
Which makes it very hard to figure exit prices lol.
jbear77 OP Dons hobby : lol, now if I would just follow my own advice. I have learned that once I hit a minimum price I am willing to sell at, to put a stop loss there, or a trailing stop loss
Dons hobby jbear77 OP : How exactly does a trailing stop loss work
jbear77 OP Dons hobby : you set a percentage of loss from market price. So if market price goes up, your percentage loss follows it. market price is $1, you set stop loss for 20%. so it will auto sell at .80ยข if it drops the 20%. if it goes up to $1.50 then it will only sell it it drops 20% from that price.
View more comments...