Post by
Boilermaker79 on Nov 02, 2020 4:08pm
Someone on yahoo is claiming today’s dump
If you read a guys posts by the username "Jim's" he is claiming he dumped his 1.3 million shares today to move it into a different investment. He was calling it all day. At first I didn't believe it but now that he's posting so quickly to the close and I see the massive dumps that occurred I totally believe it. So those 1.3 million shares went into a patient buyers hands. Could bounce tomorrow?
Comment by
steveM45 on Nov 02, 2020 4:18pm
I'd expect some sort of minor bounce this week but unless it takes us over .275, its going right back down. Exactly how low is the real question as there's no way it's coming close to .27 this week. HMMJ (Cdn MJ index) up 7% for the day HMMJU (US index) up 4% N down over 7% on 3x's avg volume...still celebrating donkey? LOL
Comment by
Boilermaker79 on Nov 02, 2020 4:32pm
There is no support at .235, I believe 14,500 shares then 100k shares at .23 with the amount of dumps today I don't see how 114,500 shares will hold up tomorrow.
Comment by
steveM45 on Nov 02, 2020 4:43pm
I really don't expect it to hold .23, but the orders could be different tomorrow. To clarify, when I refer to support or resistance, I always mean technically, not based on L2. Coincidentally, the largest buy orders in L2 appear at .23 & .20 as well.
Comment by
stock1829 on Nov 02, 2020 6:15pm
The answer is 'as plain as the nose on your face' as they used to say. Namaste is selling shares from their treasury in accordance with their announcment. That is driving the price down and raising a few bucks for them. They'll let the market recover a bit i suspect then do it again next week.
Comment by
Boilermaker79 on Nov 02, 2020 6:55pm
I don't think so? Don't they have to announce when they plan on doing this?