Blafarm, From 6/18 to 6/29 (8 trading days) the
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Posted On: 07/14/2020 5:32:57 PM
Blafarm,
From 6/18 to 6/29 (8 trading days) there was a total of app. 92.176 million shares traded (11.52 Million/day in average).
I (wrongly) assumed that here was institutional buying ongoing as, if we take an approximate average of $6 for the SP (first to last closes) , a total of $553 million worth of stock was negotiated (mostly, of course in the bid side).
Where did this all this money come from ??? Was it the shorts that orchestrated this ??? man, one has to have lots of resources to pull this one. Another possibility is a myriad of retail investors acting under FOMO.
I don’t think so.
I have my own theory but as I don’t have any proof I prefer to keep it to myself so I don’t run the risk of bad-mouthing what does not deserve to be.
In any case, it was an extraordinary event and, frankly, it completely fooled me as I believed that the stock was being transferred to firm hands, which demonstrably was not the case when the short attack of 6/30 at around 11:00 A.M. showed up and, for the next 7 days, many just run for the door “no questions asked”, not precisely the definition of firm hands
However, this "Stairway to Heaven" is what we will see in shorter time when we get the results from the trial(s). So, make sure you have a good seat belt and is buckled up.
From 6/18 to 6/29 (8 trading days) there was a total of app. 92.176 million shares traded (11.52 Million/day in average).
I (wrongly) assumed that here was institutional buying ongoing as, if we take an approximate average of $6 for the SP (first to last closes) , a total of $553 million worth of stock was negotiated (mostly, of course in the bid side).
Where did this all this money come from ??? Was it the shorts that orchestrated this ??? man, one has to have lots of resources to pull this one. Another possibility is a myriad of retail investors acting under FOMO.
I don’t think so.
I have my own theory but as I don’t have any proof I prefer to keep it to myself so I don’t run the risk of bad-mouthing what does not deserve to be.
In any case, it was an extraordinary event and, frankly, it completely fooled me as I believed that the stock was being transferred to firm hands, which demonstrably was not the case when the short attack of 6/30 at around 11:00 A.M. showed up and, for the next 7 days, many just run for the door “no questions asked”, not precisely the definition of firm hands
However, this "Stairway to Heaven" is what we will see in shorter time when we get the results from the trial(s). So, make sure you have a good seat belt and is buckled up.
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