Yeah, I agree. In this stage I've been expecting i
Post# of 75002
(Total Views: 341)
Posted On: 03/21/2017 11:14:34 AM
Yeah, I agree. In this stage I've been expecting increased volatility because the level of attention RMHB is getting is again on the rise as fortune seekers and flippers alike watch and trade the stock. That's the reason why you'll see what appears to be illogical price behavior.
In between news, and especially when some are rattled and shaken and dump shares, the MM and bargain hunters will accumulate slowly but they won't chase the ask. When buying pressure spikes due to another nice PR, those flippers that accumulated during the sell off will start unloading for a quick profit. As buying pressure tapers off, they'll do a little short selling and spread some doubt on these boards to try and do it again. Wash, rinse, repeat, and don't care who they tricked into selling at a loss.
This kind of trading will be falling off as the progress and buying pressure drive the price up into an area that just isn't where they can regularly flip for 10% to 20% gains. Once the price gets up there they'll no longer be on happy hunting grounds and they'll move on. That point isn't far off now.
In between news, and especially when some are rattled and shaken and dump shares, the MM and bargain hunters will accumulate slowly but they won't chase the ask. When buying pressure spikes due to another nice PR, those flippers that accumulated during the sell off will start unloading for a quick profit. As buying pressure tapers off, they'll do a little short selling and spread some doubt on these boards to try and do it again. Wash, rinse, repeat, and don't care who they tricked into selling at a loss.
This kind of trading will be falling off as the progress and buying pressure drive the price up into an area that just isn't where they can regularly flip for 10% to 20% gains. Once the price gets up there they'll no longer be on happy hunting grounds and they'll move on. That point isn't far off now.
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