RE:33 MILLION shares purchasedIf one looks closely at the daily trading, this
Pack of Perps has been pulling this
"smash-and-grab" routine at regular intervals since the first of May. One will notice large volume spikes accompanied by long-wick candles. And the Chaikin Money Flow has been green since the first of May. Coincidence? I think not.
jermiah777 wrote: Incredible...33 million shares sold...33 million purchased. And we are down only down half a cent. So what does it all mean? The extreme volume of shares dumped to get price to 29 cents was intense. Clearly a bunch of people wanted price to drop. Why? Only valud answer is so that they can buy them cheap. Dropping price quickly triggers stop losses. And to think I was thinking of putting a stop loss on my shares at 29 cents. ? Well they would have sold to someone who can now sell them for 35 cents. Yes he would have stolen them from me. The fact the price went back to substantially where it was before is proof that this big volume of shares sold today does not mean a large group of investors want out. No...rather it means a large group of investors want to scare and frighten ones into selling their shares cheap. And the current price of gas makes investors alreadynnervpus even more nervous. Just be patient