RE: Leap27 Jul 2021 20:52
Agree. We’ve been in this range 8-8.5 for 3 months, so trading has been extremely limited and ultimately far easier stocks to buy/sell to make 10%.
We’ve had a persistent seller(s) who have kept pace with the buying, which has kept the price stable and allowed everyone to accumulate/average down very easily.
Once the seller is out we move smoothly out of this range. This is the time the accumulators slow down and the average downers cease completely because the price moves out of their comfort zone. It’s at this point that you just need to hold because when the news arrives that attracts the general market (Leap sale, large movement from the listed, IPO etc) the lack of free float will force a squeeze. Hopefully a few leave at subsequent price point to create liquidity. Each LTH can decide for themselves where to get off the bus.