Without a doubt today we saw a rather poorly orche
Post# of 3844
Posted On: 06/06/2014 5:06:53 PM
Without a doubt today we saw a rather poorly orchestrated move on the part of a trading group who I think some here are aware of. It seems they simultaneously dumped far more shares than they had anticipated and dropped the price so quickly, that my guess is many only made a modest 15-20% rather than the 50% they were hoping for. Except for the leader, who obviously gave the signal just AFTER he already made his sells in the .0146-.016 range, I'm thinking many of them are disappointed. Their initial entries look to be in the .011-.013 range.
The end of day selling was simply unhappy flippers who were hoping for a rally but were forced to sell rather than hold over the weekend.
The good news is that whoever was sitting on the bid between .0127 and .015 got some very sweet fills.
I don't care what anyone may say about todays action but all that selling was definitely NOT dilution.
Monday starts a new week and I am certain we will resume our move up.
My post for the day. Cheers and have a great weekend everybody
The end of day selling was simply unhappy flippers who were hoping for a rally but were forced to sell rather than hold over the weekend.
The good news is that whoever was sitting on the bid between .0127 and .015 got some very sweet fills.
I don't care what anyone may say about todays action but all that selling was definitely NOT dilution.
Monday starts a new week and I am certain we will resume our move up.
My post for the day. Cheers and have a great weekend everybody
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