I've said this before but it's worth repeating. Th
Post# of 75360
(Total Views: 455)
Posted On: 03/03/2017 12:54:34 PM
I've said this before but it's worth repeating. There are individuals, groups, as well as those working for "others" with large accounts who are convinced as we are that this will become huge. They need to accumulate slowly most of the time to keep the price from running. It runs too big, it draws too much attention.
Each time there's a pop like this 25% nugget we just witnessed, however, they can flip shares, profiting nicely while still keeping the price in a "sweet spot". That share flipping manipulation is easy for anyone or group with enough cash/shares. They dump at a pre-determined point, which includes short sales for those with the means, which will drive the price down sharply and trigger the sell off by the flippers and any weak hands that are afraid it wont stop and they'll be trapped.
Investors like us don't care because the investment is long term and the anticipated returns won't be needed to pay next months rent. So let it yo-yo, and if you're lucky you can buy the dips. Very soon, along with strong profit growth, the investment groups then institutional interests (starting with the new ETF mentioned in pinned post at top of page) will bring on buying pressure that will carry the pps to much higher ground. Great things await those of us with the patience to watch this through.
Each time there's a pop like this 25% nugget we just witnessed, however, they can flip shares, profiting nicely while still keeping the price in a "sweet spot". That share flipping manipulation is easy for anyone or group with enough cash/shares. They dump at a pre-determined point, which includes short sales for those with the means, which will drive the price down sharply and trigger the sell off by the flippers and any weak hands that are afraid it wont stop and they'll be trapped.
Investors like us don't care because the investment is long term and the anticipated returns won't be needed to pay next months rent. So let it yo-yo, and if you're lucky you can buy the dips. Very soon, along with strong profit growth, the investment groups then institutional interests (starting with the new ETF mentioned in pinned post at top of page) will bring on buying pressure that will carry the pps to much higher ground. Great things await those of us with the patience to watch this through.
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