Matter of fact you might want to buy the dips. This thing should continue it's upward momentum.
In all probability there should be a pullback in the morning. If this stock is to continue moving up it will have to consolidate gains which is always accompanied by some selling.
Remember! Prior to Thursday's surge, when we started trading the stock dropped 36% in the first 45 minutes. My belief is a lot of that was panic selling. Also I believe a lot of those same people bought back in & added to the momentum when the stock started surging.
If this stock is beginning an up-trend there has to be corrections along the way.
Although I'm pretty sure the stock is oversold I have to keep in mind that there were a lot of dips during the day as people got off & others climbed on. Because of this there shouldn't be an exagerated amount of selling pressure. So I would caution people not to get spooked by an early drop
It was obvious that it was an excellent day to buy the dips & I wrote that a handfull of times.
The buying interest is so heavy that it can't be attributed to manipulation. With the total lack of any news it sure as hell isn't a pump & dump.
Because of the volume it appears that this thing may have begun a bonafide up trend & if that's the case we may see the kind of run that we experienced 7 or 8 years ago. In other words for those of you that don't know,,,
"YOU AIN'T SEEN NOTHIN YET!
All joking aside, I'm looking for about .55 to .75 no later than Mid April
From the opening bell this thing started climbing & did this throughout the day.
NEOM surged +162.91% on very, very heavy volume (287 million shares).
Same as yesterday, every correction was met with an onslaught of buying which triggered yet another surge.
I will repeat what I said prior to today's trading.
Be aware of panic selling! There should be a dip Monday at the open & it may appear as dramatic as the 36% drop we experienced Wednesday's open. However we saw the same pattern of trading today that we saw yesterday. A very stable churn between .055 & .056. As soon as people took profits others took a position. So once again there isn't that much selling pressure present.
My personal belief is that we have just begun. The volume was absolutely insane today & almost doubled yesterdays unbelievable 140 million. It is clear that this is much more than daytraders. Investors with deep pockets are taking a position in anticipation ? ? ? of something big & I will admit I have no idea what exactly that would be. But I'm convinced of this. What we're seeing is not your average 3 day penny stock run.
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