Feb. 3 at 1:48 PM
$FLY My opinion of why FLY stock goes up and down like a Yo-Yo since
$16-18.
1. Liquidity and float
2. Index funds
3. Emotional traders and Stop Outs
4. Dilution/insiders
5. Sector news, technology hype and funding
6. Other hype such as the SPACE-X IPO
7. Shorts
You definitely have to play the chart here. Buy the dump offs and sell the fat pumps. If you do the opposite, you will get burned repeatedly until you are wiped out. Don't use margin either. That's a recipe for disaster. Try the straddle approach when the stock is at even number Example 23, 24 or 25 Call/PutGood luck.