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Posted On: 03/31/2020 6:47:22 PM
Post# of 148984
Probably a bit of both. And it doesn't have to be a 'coordinated' short attack. Traders who haven't done as much research in the company as we have just naturally expect CYDY to come down in price because that's what 99% of OTCs that spike end up doing. A bunch of self-sufficient traders in my chatroom who don't follow others' alerts all got short at the end of the day, but not due to coordination, just due to us playing that same short setup so many times. They're all expecting an over-extended gap down tomorrow.
Of course when everyone was alerting their new CYDY short positions right before the bell I'm sitting there thinking there's at least a 50% chance of a pre-market PR regarding the (hopefully) improved condition of COVID patients 4 through 7, but I didn't say anything. So if we get that PR there will probably be a heck of a short squeeze right after open - like yesterday. If we don't, we'll probably get walked down a bit.
For those of us still hoping to increase our final position size, the share price getting temporarily walked down a bit is not necessarily a bad thing.
Of course when everyone was alerting their new CYDY short positions right before the bell I'm sitting there thinking there's at least a 50% chance of a pre-market PR regarding the (hopefully) improved condition of COVID patients 4 through 7, but I didn't say anything. So if we get that PR there will probably be a heck of a short squeeze right after open - like yesterday. If we don't, we'll probably get walked down a bit.
For those of us still hoping to increase our final position size, the share price getting temporarily walked down a bit is not necessarily a bad thing.
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