OTCPK:MEDVF - Post by User
Post by
Hiddensecretson Feb 11, 2021 11:23am
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Post# 32537899
Games are PLAYED when you are holding GOLD in your hands....
Games are PLAYED when you are holding GOLD in your hands....I have seen this type of playbook before.
You have two culprits. The innocent naive daytraders whom put stop losses and, then you have the white collar crime squad.
A short attack is planned where the criminals unhold shares at market, they trigger avalanche of shares from the stop losses and, they accumulate at a very low price.
This is how you STEAL shares from people.
It happened on Dendreon which I owned at $ 3, rallied hard to $ 22 per share in one day, was stable, then criminals walked in, and in 2 minutes flooded the market with shares, hitting all the stop losses and driving it to $ 7 per share. There was a halt and next day opens at $ 22 per share. Criminals stole the shares from innoncent people. Good news was that stock rallied to $ 54 afterwards.
The LESSON is this: NEVER PUT STOP LOSSES
I never use stop losses, never, never, never, I may use limit orders to sell at a certain price BUT never stop losses.
I hope everyone has learned their lesson on this, it is too bad as they stole some good shares at a cheap price from very naive investors.
Now that theft is done, we can EXPECT TO RALLY.
For myself, nothing is affected as my sale ordes are at $ 5 per share, and then will move them up to $ 10 per share.
MPO