RE: Who said investing was easy??6 Dec 2023 21:47
There are a combination of things that contributed to the drop but I suspect it was mass expectation of MRE appearing today... Was never going to happen and it caught a lot of traders out plus those that refused to listen to SD when he said late December.
Then you have those that sold this week in advance of no news. The ones that need money for personal reasons and then the experts that always claim they sold high and bought back on the drop. But if they sold enough to drop the sp, they certainly didn't buy back the same amount or we would've gone back up.
We are looking at around 18th for our updates, svally may give us huge unexpected silver, but regardless the results in March clearly showed something was there. Also note, 18th is december quarter date on spreads to close.
MRE, maybe we update to around 10m0z (total equivalent).
We already know the clowns will appear, mostly after hours. Ignore it all.
The market will want to sell into any rise and you can bet they will move anything they stole today.