I posted what he posted. He said no one is selling
Post# of 7795
Manipulators seeking to dump shares say things like that in order to convince their marks all is well.
The reality is share prices rise based on market conditions. Even with a rise in share price someone(s) is still selling.
The marks are generally emotional and manipulators play on that emotion...ie they say things like no one is selling at this level.
Someone(s) is always buying and someone(s) is always selling in every transaction. What they are willing to play fluctuates.
When the bid whack occurred COiNcidentally after Shift's remarks, there was no bid support for the likely market trade.
This is amusing....
Quote:
It was odd how he said 'boom' and then it went down and someone put up over 3M on the ask way below the daily high.
MM manipulating the price. Or an idiot.
There was NO SUPPORT.
It happens. Especially when the share price has been manipulated higher via wash trading.
But we can blame the MM's. Marks always tend to believe that crap. It plays on their emotion.