Remember the traders from last year at $3.25? Where now?Last year when we hit November/December weakness falling from $4.25 to $3.40's the traders at the time were all over the board laughing at "bagholders" and trying their best to work the share price down.
The share price took off in January and we never heard from them again.
Now we are more than a double from there and we have new traders doing the same thing in Nov/Dec. Soon the share price will take off and we will never hear from them again as they are left on the sidelines permanently.
Same cycle since March 2020. Predictable.
Wednesdays are sell the news days. More traders shares getting taken out by share buybacks today as they tender their shares on any news. The vast majority of shares are now in the hands of people who are holding for the big payout. That's why the price doesn't drop 80 cents a day when oil is volatile anymore. The shares traders have been trading among themselves to cause the wild price swings are being cancelled. Now they complain that the price doesn't swing enough. Lol.