Guess who he is?Reemergence of a certain "nameless" poster means its time to buy!
For those of us who have been stupid enough to have stayed invested in EZ for a while (talking about the pre-consolidation CGW days), are familiar with this "nameless" pumpers cycle!
Phase 1 ( end of share value consolidation to share price leveling)- show up at the bottom when investor confidence is lowest. He then proceeds to spout half truths, and position himself as someone in the know both praising & bashing company to sway followers his way. This is the most important cycle to note as the game plan is spelled out clearly, in this case, run up share price for inside holders to sell out, then do a share consolidation. The very mention of share consolidation will cause many weak hands to sell out in fear to him, they of course will buy back in at higher prices when the price starts moving back up.
Phase 2 ( share price leveling to beginning of rise)- He will then start dropping hints to upcoming news and price gaining predictions, turning ever so slowly positive to company all the while still making passive warnings against the company. Followers begin to believe everything he says as truth, because he has been 100% right, so far. He is now the guru.
Phase 3 (rise to top – momentum) – Now we are into full pump, feeding off our greed. Mid way to ¾ of top, he will then warn not to be greedy and pull principal off the table knowing it will run further up. This will cause many who jump out to jump back in at higher prices, this also allows him to point out at a later date he told us so.
Phase 4 (top)- Time for him to disappear. Many sit by as inside holders bail everything out. When he reappears after sweep, in this case either; name change, new management, new business, share consolidation, or all four changes, he can set up the next cycle.
Watch the players not the game!
Buy when he shows up posting- Sell when he stops posting!