Mar. 17 at 12:51 PM
$MPT Market has turned to thinking the Fed will hold off on rate cuts which given MPT’s realm of operation is/has/will likely to affect price in short bi-weekly time frames.
It’s unfortunate that the
$5 and
$4.80 has now been broken with the close yesterday with about 1min to go falling to
$4.78.
The shorts have been and will continue to be in charge, which if you are along term investor you should actually love them.
The price action is a swing traders dream as well.
If you are looking to make a quick buck (like me) options are cheap and extremely lucrative when price gets to moving like this.
It IS over sold, despite what the idiot shorts have to say. Nothing has fundamentally changed that was keeping price above these levels.
