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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: catou1 who wrote (87611)9/5/2024 2:53:54 PM
From: Sun Tzu  Read Replies (2) of 96944
 
From the low to its high today, BFLY gained 100% in less than 8 days. Most of these gains came in 3 days.
This is the problem with waiting for a pullback. When dealing with microcaps and biotechs, the moves can be very sharp. You just have to bite the bullet and pray that your stoploss will save you.

Now, having run up so much so fast, it may pull back a little (much less than the run up), or it may pullback and crash. I personally think it has another 30% - 50% to go from here, so I am not selling my stake. But there's no easy way to tell.
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