RE: Hang in there20 Sep 2018 13:19
I agree this is not normal, heavily manipulated, not sure about drive down to fill big order theory though. my thought is that big player want to unload their share or planed to open a big short spread bet. so drove it up yesterday morning, makes it looks so bullish,( opened a short from there) when start real selling at 190,180 etc , so enough people who missed high 200 want to get back for another ride can take big players dumped shares, and holders missed high will hold and wait, a bit less selling together pressure. of course there will be stop loss triggered, it help the gains on shorting even better. when they are out and clean, what left is us and future. market capital is small, but so is IDP's projection, it is only 14 m revenue anyway, traders will not wait for that..