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Posted On: 10/02/2019 10:03:32 PM
Post# of 36541
Is there any room here for considering my theory re yesterday? Specifically yesterday coming out of the blue after weeks of low volume and a fairly stable price except for the preceding 4 or 5 days. As I watched it unfold, dropping from 2.30 to under 2.00 (after slowly dropping from 2.60ish to 2.30) and then finding a floor and naturally closing above the magical 2.00 I was thinking this is a positive sign. Not the first time this has happened on heavy volume.
What if this was not a signal of weakness that needing supporting, but rather a signal of strength? What if this is stealth buying? I mean, 250k shares were traded yesterday. If this was a panic sell because someone got wind of some bad news, I doubt we would have closed above 2.00. More like 1.50. Could be I’m all wet but we recently have agreed that this tiny group of ours seems to be mostly tapped out. 250k times 2.00 (asp) is a half million bucks! Somebody is NOT tapped out. Somebody, (somebodies) ponied up a half million bucks yesterday.
What if some deep pockets got wind of some good news, but made a deal with the market makers that they want to buy 200k shares but only at a cost in the very low 2’s. They spend a week slowly dropping the price and then every stop loss order would get taken out to accommodate an order like that. Plus the panic selling that comes along with it. It wouldn’t even have to be anything underhanded. Perhaps these deep pockets simply decided they like what they see and it’s time to stop trading and go long?
I just think if yesterday had been about something negative, the price would not be stable just above 2.00. Where the heck did that volume come from and where did it go?
Or I’m completely off base and it was just Doc adding a smidgeon to his holdings. ; - )
What if this was not a signal of weakness that needing supporting, but rather a signal of strength? What if this is stealth buying? I mean, 250k shares were traded yesterday. If this was a panic sell because someone got wind of some bad news, I doubt we would have closed above 2.00. More like 1.50. Could be I’m all wet but we recently have agreed that this tiny group of ours seems to be mostly tapped out. 250k times 2.00 (asp) is a half million bucks! Somebody is NOT tapped out. Somebody, (somebodies) ponied up a half million bucks yesterday.
What if some deep pockets got wind of some good news, but made a deal with the market makers that they want to buy 200k shares but only at a cost in the very low 2’s. They spend a week slowly dropping the price and then every stop loss order would get taken out to accommodate an order like that. Plus the panic selling that comes along with it. It wouldn’t even have to be anything underhanded. Perhaps these deep pockets simply decided they like what they see and it’s time to stop trading and go long?
I just think if yesterday had been about something negative, the price would not be stable just above 2.00. Where the heck did that volume come from and where did it go?
Or I’m completely off base and it was just Doc adding a smidgeon to his holdings. ; - )
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