Chinton: buy the dip?sell the bounce?its the same of as one did during the tech boom years...
LOL! Yup....but where WCOM is concerned any volatility worthy of trying to trade against occurs in the first 20 minutes of the day and the last 30 minutes. For the remainder of the day it stays static for micro-pennies only worthwhile if you've an institutions worth of shares with which to play.
But I will say WCOM is very predictable. My WAG, after close observation, was WCOM would get yanked in similar fashion to yesterdays final 30 minutes, only this time to ~$1.46. Sure enough....so I jumped in at $1.47 and rode to sold at $1.51, and am now expecting it to close just under $1.50 only because this is part of the pattern I've observed to be more or less intact every day these past couple of weeks except last Friday.
And...should the pattern continue tomorrow, which I expect as I my WAG is no news, and going into Friday, presents ample opportunity for such intraday mischief to continue...well...it should continue into....oh....later Thursday? Friday should be atypical. And if there's no substantive news on Friday and/or over the week-end, expect the mischief to reoccur starting next Monday. Oh...and about tomorrow...expect a first 20 minute of the day pop to...oh...~$1.52, followed by a yank to ~$1.45 whereat it'll lay in endless flippage between $1.45 & $1.47, then in the final 30 expect the same as has occurred today.
And you know something? Should my WAG actually occur you then have to ask yourself how it is such a massively traded stock as WCOM can be so easily predicted, eh? HEH!
Regards!
John~ |
