My personal belief (right or wrong) is we probably
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Posted On: 04/28/2020 9:59:49 AM
My personal belief (right or wrong) is we probably are seeing profit taking and finding a new floor of where people perceive the new value price for cydy is.
I don't subscribe to the "short attack" mantra much anymore every time the price drops. That's what stocks do. Go up and down. Some people hold their shares believing they are worth more, some sell for the instant profit.
Right now I think our daily volume is pretty high for small time manipulation. When we were trading 100k-500k last year in the 30-40 cent zone maybe some ihubbers or small time peeps could play with the price. But we are bigger than that now. It's going to take some serious cash to push us down significantly, barring a setback.
For now I think we are mostly in the ebbs and flows of real stock trading...but with the caveat that some big catalysts could be on the horizon (either way from covid approval...yay!...to bla denial... Boo!, but anything is possible)
I don't subscribe to the "short attack" mantra much anymore every time the price drops. That's what stocks do. Go up and down. Some people hold their shares believing they are worth more, some sell for the instant profit.
Right now I think our daily volume is pretty high for small time manipulation. When we were trading 100k-500k last year in the 30-40 cent zone maybe some ihubbers or small time peeps could play with the price. But we are bigger than that now. It's going to take some serious cash to push us down significantly, barring a setback.
For now I think we are mostly in the ebbs and flows of real stock trading...but with the caveat that some big catalysts could be on the horizon (either way from covid approval...yay!...to bla denial... Boo!, but anything is possible)
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