Originally posted by christophe
The trading on this stock reminds me again about something I often ponder about.
How unintelligent some investors are.
We saw people selling this down to .023 the other week on nothing but selling generating more stupid selling.
Now we are seeing similar things. People yesterday selling into .031 after closing at .034 previously. Then finished at .035.
Today more unintelligent investors selling at .035 after hitting. 039 on good volume. The mind boggles and sometimes these people will never learn. Yet I never feel sorry for them. Lol
Agree. However most people have different motives. Could be selling to get back into some blue chip shares where some have performed quite well! (lesson learnt for me is to always hold some extra $$ for "corrective" periods like we just had globally. However I can't really comprehend people selling, especially under 3c but again, never know people motives or needs (could be buying yesterday hoping for an ann today which didnt happen and forced them to sell.. gambling I guess haha).
On another note, I think today's cool off was somewhat needed. A lot of shares traded hands so hopefully the avg holding is now easily in the 3s like most of us I would say. Hopefully screenshot below comes through OK but you can see RSI has come off a bit and the price has just come under the upper boiling band (and back within the boiling bands). Most are unlikely to buy when the price is above boiling unless there's some serious FOMO or... an FDA approval =p.
Great volume today!
