GREY:JWCAF - Post by User
Comment by
BilboBaggins00on Jul 26, 2018 2:53am
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Post# 28369070
RE:RE:Seems like noone wants to sell of buy!
RE:RE:Seems like noone wants to sell of buy!
Nobody 'lost their patience' at the drop, those were stop-loss orders triggered, look at the volume spike, and was right where the chart 'broke' the bottom.. however those that sold and saw this as it 'breaking the low' dont understand that yes that works on normal positions when a chart breaks a low, but this stock has a low float, so it can gap up or down with little volume, normally not a strategy used in light floats like this one has, but obviouslly some acted on it and has created an opportunity.. that, or someone triggered them in order to load up lower, good strategy seeing as it didn't take much to make it happen.. Most of the holders & buyers know not to market buy or sell as it can shoot pretty fast through the gaps, but someone did today..Same thing happened on the last drop from 1.00 to the low 60's then it climbed back to the 0.90's.. all depends on the holders.. smart money obviously see's the gaps and licking their chops hoping for fear as they did last time.