GREY:ISYRF - Post by User
Comment by
cdnwineon Feb 07, 2019 2:10pm
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Post# 29333616
RE:RE:Well there go the gains from the Roth annoucment
RE:RE:Well there go the gains from the Roth annoucmentRe the suspicious trading activity, it's been going on for many years, I've referred to them as the "DARK FORCES or the MOMENTUM KILLERS" for a very long time. I see those trades as intentional and strategic with the sole purpose of controlling the share price. In the last year similar trading activity has started to take place with trades that try and reverse or sustain momentum but those activity are sporadic compared to those who trade the SP downward.
I don't believe that these 100 share lot traders are day traders as there isn't enough volume in ITC to make it worth their $$time. So this leads me to believe that this activity comes from individuals who would have an interest in a lower share price and in my mind, that spells out buying ITC on the cheap. Whomever these individuals are, they are playing the long game, a game of attrition, the term "shaking the tree" has been used many times on this forum to describe some nonsense trading activity.
Short on time, I'll leave it here for now and of course please consider this as the sole opinion of an uneducated ITC share holder that's been around to long.