TSXV:HRE.H - Post by User
Comment by
cashmoneyheroon Jul 03, 2014 12:15pm
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Post# 22713285
RE:Its funny
RE:Its funnyNo it's not that. They just realize the reality of this market. The pump is over and there will more than likely be no more buyers after the initial flurry of this morning. Well there will still be buyers but usually the sellers outweigh the buyers once the hype is over and they see it's not continuing upward and they sell. Like usual on the venture exchange it just becomes sellers outweighing buyers and the price will slowly fade downward. It really has nothing to do with the company or values. There is just no constant institutional buying to maintain price values here.
Look at that flat line on the daily chart happening now that is the first sign of the downward trend starting already. Technical traders call that a tombstone and the probability is highly likely that the price will fade and drop down. Remember in the mass minds of traders it is much easier and safer to sell than to risk money and continuously buy.