Post by
newcoin on May 03, 2024 11:45pm
Algorithms Churned The Share Price Down
All you have to do is look at the chart for todays trading. It's quite self explanatory. Just a constant, slow, churn down all day long. I note that Friday afternoons are always bad for this. People aren't paying attention and the shorters turn on their machines and have a hayday. Who knows what happens next week but $1.02 dividend will be payable in about two months and I bet the s/p will be substantially higher by then. Interest rates will have been cut by then. This dip is really quite an opportunity. I certainly bought in today.
Comment by
rad10 on May 04, 2024 9:12am
OK..... What about the laundering allegations?
Comment by
newcoin on May 04, 2024 9:39am
The allegations will be dealt with in good time. The point is the share price reaction is way overdone. Algos do this for their Masters. The Masters make $ off the backs of ordinary shareholders.
Comment by
rad10 on May 04, 2024 3:02pm
Hope you are correct - I bought some more yesterday