The trolls get up early2 Mar 2021 06:55
Ah in all my years seen this over and over. The hot stock brings out the nugget munchers with their infinitive wisdom and their generosity in kind of warning those to stay away. Oh bless them all. The statement of conviction that it dropped because people sold up. I watched this all yesterday and I can tell you it was the opposite. It had formed a strong support in the 17-17.50 range from which we should/would’ve bounced higher. Instead watching buy after buy after buy come through they’d sharply drop it and then impossible to buy any volume. And so it began, forced down step by step from early morning. Each attempt to buffer the support, quashed again. Quotes all over the place - some MMS quite rightly taking it down and others (the ones collecting in the give in give up triangle) wanting it down. Hence we saw many times where you could sell for more than you could buy. Crazy day but totally reflective of manipulation of the worth of SP where buyers supported a much higher price. It took ALL DAY for tiny sells to fill and they went further last hour as they were in danger of not fulfilling. And so along come all the soothsayers and doomsday mongers with their wisdom. Their secret hope is that the negativity they spread will transfer to more and some will sell up thinking it’s all a hopeless case. Wrong. Look at the above. Third day trading. 13 x oversubscribed ipo - no pi got any real volume hence selling in dribs and drabs at cut prices was only way MMS could scare pis into selling up. There’s only so many to go around. The ii’s can’t sell up for months on lock ins and let’s face it, they’d be pretty silly investors to want to sell on 2nd day where future SP in months will be well north of here. So where was the free float? It was created by the games some MM’s played. Watch and learn.
Let’s hope an MM with a bit more scruples wrestles the lead today and takes this back where we should be where strong support was evidenced.
Reminder there is a filter button - don’t bother arguing and replying to deliberately designed negative post headlines - the same names pop up and quite a few green boxes too. Same old same old.
Good luck all today...apart from those who are bottom feeding nugget munching arses...you know who you are.
IMHO DYOR GLA