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05/08/15
13:24
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Originally posted by aronoff1
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As I write this those who bought at .20 and above on that false breakout are only able to get out at .165 i.e. very badly TRAPPED!
Didn't you see the way the way the sell depth SUDDENLY filled with hundreds of thousands of shares at .20 and above as it was pummelled down from .215 to .185 in the space of a few minutes.
That's not normal market behaviour, it was orchestrated.
It may come back again to .215 but I doubt it will be today.
This is no problem for long-term believers in the stock, but many of those who bought on those highs will have been traders and as such will consider themselves trapped.
No I was not the seller, I sold on open and shortly afterwards.
In fact as I saw it start to rise I even bought back a few but sold them as quickly as I could once I saw the way the wind was blowing. Sold at a small loss even as the fall was just too quick for me.
Holding just a handful now
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There's no doubt it's orchestrated. Classic offloading into buy depths and stacking sell levels. Either a big accumulation play or shorters. Either way, how buyers respond in the next hour or so will tell the story.