"Whale? I’m more of a diseased turtle"
I was at a zoo one time, just there to remind all the animals that I'm the alpha roaming free while they're caged like little bitches. And while standing above a little nature area I heard the guy next to me excitedly say "HEY KIDS, LOOK! IT'S A TURTLE!!!" And then a couple beats later, deflated, he said "nope, it's just a rock".
Long story short, in this world of whales and diseased turtles, I'm a rock.
As I watch the trading today take an immediate chunk out of yesterday's gains, I'm reminded that there's really not much a company can do when there's no major catalysts dropping. In an already rigged system where the hedge funds, brokers, and institutions appear to have built-in advantages that we can see, I'm coming to realize they must have ten you can't see for every one that you can.
I watch a strong handful of biotech stocks, and have watched them for years. I've been in and out of some, or like with CYDY just in deeper and deeper. The inexplicable large drops in share price before a buyout comes, the 2 shares traded the moment premarket opens up to drop yesterday's closing price by 10%, the naked shorting, the walls put up as soon as momentum appears positive, the sell the news bullshit that shows an already massively undervalued stock drop by 30% after they get their drug approved.
It's insane.
So I wasn't at all surprised to watch yesterday's quick run up stall out, because I'm sure algorithms were triggered by the increase in both share price and volume resulting in people who can take advantage getting to work. Then today it didn't surprise me to see it drop at the open.
I still think people taking gains is a thing, or that rumors can catch on. I just don't think they're able to have any lasting impact in the face of those with power and money abusing the system they get to control. When a situation arises they just set their systems to fully automatic and let it rip.
That's your doom and gloom report from Chez Respert, where your hero is just annoyed that we didn't get a second day of large gains to help us crawl back toward a more respectable share price. I still have plenty of optimism and shares. I suppose I'm just tired of sitting around like a rock, unable to move or do anything to affect my situation while people with power and money dick around (technical trading term) with companies like CYDY seemingly at will.
If you ever want to play a sad game, go look at the stocktwits feed of any other biotech like CYDY. The complaints of shorts, the squeeze that never happens, the fda suppressing the drug, seeking alpha writing hit pieces, the inexplicable drops, the "they're just shaking out weak hands", etc. It's uncanny how familiar it is.
Now if you'll excuse me I'm going to go sit quietly in one place to watch the storm pass, hoping for skies to clear. Rock shit.
I was at a zoo one time, just there to remind all the animals that I'm the alpha roaming free while they're caged like little bitches. And while standing above a little nature area I heard the guy next to me excitedly say "HEY KIDS, LOOK! IT'S A TURTLE!!!" And then a couple beats later, deflated, he said "nope, it's just a rock".
Long story short, in this world of whales and diseased turtles, I'm a rock.
As I watch the trading today take an immediate chunk out of yesterday's gains, I'm reminded that there's really not much a company can do when there's no major catalysts dropping. In an already rigged system where the hedge funds, brokers, and institutions appear to have built-in advantages that we can see, I'm coming to realize they must have ten you can't see for every one that you can.
I watch a strong handful of biotech stocks, and have watched them for years. I've been in and out of some, or like with CYDY just in deeper and deeper. The inexplicable large drops in share price before a buyout comes, the 2 shares traded the moment premarket opens up to drop yesterday's closing price by 10%, the naked shorting, the walls put up as soon as momentum appears positive, the sell the news bullshit that shows an already massively undervalued stock drop by 30% after they get their drug approved.
It's insane.
So I wasn't at all surprised to watch yesterday's quick run up stall out, because I'm sure algorithms were triggered by the increase in both share price and volume resulting in people who can take advantage getting to work. Then today it didn't surprise me to see it drop at the open.
I still think people taking gains is a thing, or that rumors can catch on. I just don't think they're able to have any lasting impact in the face of those with power and money abusing the system they get to control. When a situation arises they just set their systems to fully automatic and let it rip.
That's your doom and gloom report from Chez Respert, where your hero is just annoyed that we didn't get a second day of large gains to help us crawl back toward a more respectable share price. I still have plenty of optimism and shares. I suppose I'm just tired of sitting around like a rock, unable to move or do anything to affect my situation while people with power and money dick around (technical trading term) with companies like CYDY seemingly at will.
If you ever want to play a sad game, go look at the stocktwits feed of any other biotech like CYDY. The complaints of shorts, the squeeze that never happens, the fda suppressing the drug, seeking alpha writing hit pieces, the inexplicable drops, the "they're just shaking out weak hands", etc. It's uncanny how familiar it is.
Now if you'll excuse me I'm going to go sit quietly in one place to watch the storm pass, hoping for skies to clear. Rock shit.
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