It's done on purpose to shake investor sentiment.
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Posted On: 07/10/2017 11:44:35 AM
Re: GreenMachine84 #9793
It's done on purpose to shake investor sentiment. An old trick by Institutional naked shorts, hedge funds and the MM.'
People think good news will jack up the price. Occasionally it does..
Driving the price down on good news shakes investors sentiment, causing many to sell, allowing others to buy cheap as well as short it on the way down.
Unfortunately, unless it is earth shattering news, the share price can go either way, depending on which angle the MM/Hedge funds can make the most money.
IMO they're driving it down now to pick up cheap shares for an upward run later.
JMHO
People think good news will jack up the price. Occasionally it does..
Driving the price down on good news shakes investors sentiment, causing many to sell, allowing others to buy cheap as well as short it on the way down.
Unfortunately, unless it is earth shattering news, the share price can go either way, depending on which angle the MM/Hedge funds can make the most money.
IMO they're driving it down now to pick up cheap shares for an upward run later.
JMHO
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