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Message: Re: Momentum and Day Traders

Jan 23, 2024 12:58PM

Rail Vision Ltd. is an AI stock listed on the Nasdaq as RVSN.  To summarize my point yesterday, it had a high on the day yesterday, reflecting a gain of 305%, and closed the day with a gain of less than 200.  It closed lower as day traders and momentum players took profits gained by buying early in the day, and selling later.

The lesson is, if you are long, don't be disappointed when a stock moves off its high when trading becomes furious without something changing fundamentally, at least with a prospector with a still unknown future.  

AI stocks, or anything else where one lacks knowledge, are another matter, unless you want to trade the highs and buy the lows from other than your core holding. 


Jan 24, 2024 10:11AM
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