RE: ST tip followed by sales ?23 Sep 2020 21:29
Thordon, We know it and we like most here are in long. But many don't and there are lots of shorters looking for the quick 5-10% etc profits.
They MM's/Big Traders hold a load to sell, when it rises they flood it and make money, supress it with the big dump and many run scared again dropping the SP further and then they widen the spread to discourage buyers at that point to kill any rebound/rise until they fill orders and top up. Now they have it under control again at the bottom, and they reduce the spread slightly, slowly mop up cheap shares and widen the spread to stop it again if it moves to fast. Then on good news tighten the spread encourage buys, in affect pumping it on good news and then dump it again making another killing....Its the same old same old they have been playing for as long as the markets have been there. They are allowed to do it, its one of the perks of them using their own money to provide essential market liquidity. Then they restart the cycle.
This is a perfect cash cow for them and it will run in cylces like this till it hits its real value unless it really does get away from them and then they're stuffed. There is no value in that for them so they will slowly pump and dump while they can.
No one will loose here at these prices if they stay in it because it will go up to its true value in the end. Then after that hopefully it will be issuing divis and it will become a financial institute target for the pay outs as a long term investment....hopefully.
Obvs all IMHO and DYOR all and there is loads of reading on this out there, ex-trader revelations and such etc....