I have to politely disagree with the folks who are
Post# of 75002
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Posted On: 04/20/2018 3:10:55 PM
I have to politely disagree with the folks who are saying the MMs are not holding this stock down. If you do not have level 2 stock quotes,tape reading skills, understanding of black pool trades and algorithms and what specific program they are currently running. Then maybe you could do a little research. The two MMs to watch are CDEL and BMIC. They are unwinding a massive order on the offer(BMIC) and holding up the support to keep it from falling (CDEL) This is what creates the sideways consolidation for the past four and a half months.
A sideways long consolidation is a beautifuI pattern .If it were not for BMIC this stock would have trended higher sometime ago. Stocks anticipate six months to a year in the future. They move up with what is already baked into the stock price. Mexico deal and other things that have been set in motion.
A sideways long consolidation is a beautifuI pattern .If it were not for BMIC this stock would have trended higher sometime ago. Stocks anticipate six months to a year in the future. They move up with what is already baked into the stock price. Mexico deal and other things that have been set in motion.
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