Back to collectionA Monthly High, Then a Retreat from $0.110
The buyback and AI pivot story had drawn buyers for days, and the group was still talking about yesterday’s “2024 all over again” feeling. The price briefly reached $0.110, its high for the month and the peak of the “buybacks plus AI” story. The gap between the intraday high and the close split the group’s excitement into two positions: earlier buyers had seen the whole rebound, while later buyers first faced a pullback.
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The buyback and AI pivot story had drawn buyers for days, and the group was still talking about yesterday’s “2024 all over again” feeling. The Night Watchman knew that during a sharp rise, people could mistake a price touched during the day for one that had held.
The price briefly reached $0.110, its high for the month and the peak of the “buybacks plus AI” story. Selling pressure followed; it closed at $0.098, leaving a long upper wick. From the low, the gain over two weeks was +129%. But most buyers had entered during the final three days, so their experience was far removed from that full gain.
The gap between the intraday high and the close split the group’s excitement into two positions: earlier buyers had seen the whole rebound, while later buyers first faced a pullback. The Night Watchman planned to remind anyone asking to distinguish the high from the closing price. How long the selling would last, and how late arrivals would respond, remained for later trading to show.