Hi
@Jako64 thanks for the feedback, sorry about the delayed reply.
The plan is quick trade, - to take advantage of the supply vacuum. So short term. I've just seen it in a few other stocks recently and wanted to test it.
In the last 40mins including the auction there was about 1.3M traded at ~0.81 or about $1M worth ($200k worth was traded in the auction).
Do you have a rough amount of $ traded that you consider "speculative" and "more than speculative".
I understand what your saying regarding the trade not being a Wyckoff trade, and
probably a little silly really if you want to learn how to trade consistently and manage risk. Will keep an eye on the stock for a more traditional Wyckoff trade in the future.
I read Wyckoff's "How I trade in stocks and bonds" recently (after you mentioned it) I was amazed that he put his trading profits into "blue chip" dividend bearing securities and just reworked his trading capital over and over again. Such disciplined approach and probably one of the reasons he was so successful.
As always, thanks for your input.