Post by
constructionsite on Jul 28, 2021 3:08pm
Feels like this is being....
...being accumulated, imo.
Volume isn't heavy; the buyers are being cautious, knowing that this one will make a big jump eventually. Money is finding its place here now slowly so that they don't force a higher price before the position is established. Slowly trickling uphill. The clue for me is that for last week, there has always been a big ASK that seems to get posted a cent or two higher than the bid price, only to have it nibbled away, and replaced with another large iceberg of an ask, just a bit higher... thereby keeping the price down while accumulating.
I've been buying a fair bit (for me) the last few weeks too, while I watch the bigger fish play this game. Let's see how the next few weeks play out.
Comment by
Lou793 on Jul 28, 2021 3:22pm
Mad I screwed up and didn't average down at $1.23.
Comment by
constructionsite on Jul 28, 2021 3:33pm
Pretty hard to time the bottom exactly, but I believe in a few months, people will be mad they didn't buy at $1.75. This is going to double very soon, and anything under $2 will seem like a brilliant entry point by then!