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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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"Big Fools - Gamestop - Stuff"

Look at this chart and I will tell you what happened.
One day back in January of this year "Elon Musk" inadvertently referenced the wrong stock called "Signal Advance Inc." and as you can see it went crazy. Instant profits for some lucky shareholders. The chart doesn't tell the whole story. If you look at the January 11th printout what you will see is that the stock started the day at $7.49, went to $70.85 and backed off to close at $31.51.
Now here is where it is trading today, down in the $2.20 range. It traded 2.3 million shares on Jan 11th, the day of it's high and now it trades on avarage something like 12,000 shares a day.
Now here is the "Gamestop" chart. It's taking longer to crash down to earth.
Next is "Sernova Corp.", a London Ontario based stock. On January 7th it was trading at .62 cents and ten days later on Jan 17th, 8.7 million shares traded in one day and closed at $2.42. Now it's backed off in price to $1.48 and traded 313,000 shares last Thursday.
Yet another one that recently rallied is "EYES", "Second Sight Medical Products". It was $1.43 on March 3th trading 784,000 shares that day to then reach $15.48 on March 8th trading 107 million shares. Now it's sliding back down again.
Finally, I want to mention the little "Sarnia" based rubber bullet company named "Lamperd Less Lethal Inc." A few months back when the riots were happening at the "White House" and cops were out in the streets carrying "Lamperd Less Lethal" made shields the stock surged up to the .07 cent range on huge volumes. Now it is back in the doldrums again.
It's these types of absurdities that help to make the markets interesting to me. ^^ Scroll back up to read by most recent bogs on "Boeing".

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