RE: Banijay - no immediate plan to buy!6 Jun 2025 10:04
There is a way to buy big sudden drops on stocks on news by judging over reactions and technical data. But you do this in highly liquid markets not in the LSE unless it is a FTSE 100 stock where there is just about enough liquidity and enough monkeys. In ITV buying drops is idiotic. You buy when you see a bounce establishing and even then judging by performance it is an idiot's crusade.
Give you an example day evening Tesla dropped a lot. Around 270 I bought not a lot but I did buy. The technicals were that it reached a support level but crucially was because I Knew that on meme stocks the first drop significantly below the 200 daily MA usually gets bought up at a fairly rapid pace. Why?
Because it is a meme stock and monkeys buy it blindly. Enough monkeys existed especially in the Asian session. I bought at 270-275 range and set myself a sell order at 300 nice round number and 5 dollars below the 200DMA.
Woke up this morning my trade was executed for a quick 5-6% profit. That is how you buy drops not the resident monkey way we have here