Post by
Goaweigh on Jul 16, 2020 10:13am
Maybe someone is trying to trigger the stops because these
" sell at market " orders first thing in the morning have been going on for ages now and I can't believe people are that stupid. There must be a .50 to .70 swing from the morning lows to the close every day or almost every day which is stupid so I'm thinking someone is trying to start a cascade of selling by finding that sweet spot where people have put in stop loss orders, maybe they think it's a nice round number like $ 16.80 so if they can trigger that then the sells will automatically kick in and drive the stock to $ 16.50 and they can scoop up 50,000 in the ensuing panic.
Don't know but I start to wonder when I see the same stupid behaviour 365 days a year, can people really be this stupid.
Guess it could be dam foreigners with inefficient trading platforms too..LOL !
Comment by
lechmeir on Jul 16, 2020 10:46am
can people really be this stupid. Is that a rhetorical question,?
Comment by
goldman88 on Jul 16, 2020 11:02am
This post has been removed in accordance with Community Policy
Comment by
flashcash on Jul 16, 2020 3:46pm
Anyone else been accumulating ?
Comment by
vestor111 on Jul 16, 2020 7:23pm
I buy a little here and there. Not concerned. This what they do. Gold is the go to asset and the world is waking to that. Large CB buying last month. Follow the money.
Comment by
eatmorefiber2 on Jul 16, 2020 3:45pm
POG hammered by the Yen/Dollar carry. As the dollar began to rally, they hammered POG and then the miners. Then they used those dollars purchased for yen to buy US equities, hence the current rally into the close. Perfect time to paint the tape on GBR with low volume.