Topics include: Why penny stocks don’t react to “good” news, how late day moves in indicators like the VIX can shape our biases for the next day… Tickers reviewed: MJNA, TDEY, GENE, GWBU
Below is a text version of the submitted questions (italics represent Stockhaven’s comments):
1.) Why do penny stocks not respond very well if at all to positive news?
the news must not be as good as you think.. because only the market can tell you how good news is
vise versa, the news must not be as bad as you think
– a lack of liquidity in the overall penny market is a big reason that penny stocks with seemingly “good” news don’t seem to get any attention
2.) Saw these tweets from you at eod today -$VIX tightest range today since 5/3 & down move at eod negated that tight range in the $VIX.. but it is the first time $VIX has closed at the lod since 4/24
So as a newbie options / big board person I’m wondering what this is telling you for tomorrow if anything. How do these effect your bias going into trading tomorrow if at all.
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