kbulldog; good read on the 30 day. But, if you go back to the 200 day or 6 mo. , charts you will see the same thing.
That said, the pps has dropped in the past 6 months, yet, the accumulation has gained in a significant way. In my view of this what I see is that people are buying the bid after putting huge pressure on lowering it, allowing the buying at lower prices. Then they take off the pressure, allow the pps to rise, then sell only to do the same thing again, but, accumulating even more shares because they bought low, sold high, and then bought lower again.
Keep in mind that what you see on L2's may or may not be real. It may be a flash the MM's put there to make you think the PPS is either going higher or lower.
Because we got the confusing news and frustrated people are more willing to sell, the MM's will feed off of that. So, you see the pps dropping, freak out and sell before you loose the house. The reality is that nothing has changed fundamentally.
I have said it before and it is worth repeating. Follow the money. We are all over a oversold position right now. An excellent time to buy in my opinion.
Any time something 'appears' wrong, the naysayers come out of the wood work to chime in and make it appear worse. It is not. They simply want cheap shares. Well, so do I and will have some, because I am following the money. GLTA
That said, the pps has dropped in the past 6 months, yet, the accumulation has gained in a significant way. In my view of this what I see is that people are buying the bid after putting huge pressure on lowering it, allowing the buying at lower prices. Then they take off the pressure, allow the pps to rise, then sell only to do the same thing again, but, accumulating even more shares because they bought low, sold high, and then bought lower again.
Keep in mind that what you see on L2's may or may not be real. It may be a flash the MM's put there to make you think the PPS is either going higher or lower.
Because we got the confusing news and frustrated people are more willing to sell, the MM's will feed off of that. So, you see the pps dropping, freak out and sell before you loose the house. The reality is that nothing has changed fundamentally.
I have said it before and it is worth repeating. Follow the money. We are all over a oversold position right now. An excellent time to buy in my opinion.
Any time something 'appears' wrong, the naysayers come out of the wood work to chime in and make it appear worse. It is not. They simply want cheap shares. Well, so do I and will have some, because I am following the money. GLTA
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In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA
