Member Info for steveinhull

10. Pinned for Months

Does your chart look like someone is sitting on the stock price? Does your stock not go up for any reason, no matter what the broader market is doing? It might be pinned.

Hedge funds and institutions can control the price of stocks. They have billions, if not trillions of dollars of firepower. When looking at stocks with market caps under five billion, you must be aware that Wall Street can move the stock up and down at will. They can open and close a stock at any price

This becomes obvious if you watch the one-minute chart on a stock. Stocks that are being manipulated might jump 5% on 100k volume, but then see this 5% chipped away with a series of small trades. Stocks can swing up and down on very little volume.

A stock that is being targeted for buyout theft must be kept pinned so the phantom premium remains intact. Institutions can’t let the stock climb because it would destroy the narrative that the company is going out of business and needs someone to swoop in and save them.

This is what I have been saying . You can see it clear as day by watching the charts. The Sp is being walked down in this way and PINNED to low and lower prices. Only time this stops is on higher vol days.

That's right. The algos are all over this share. They are taking it down especially when volume is know. Last two days the volume has been better so they cannot manipulate it as much

They are trying again to drive this down. Has to clear 105.

Some nice buys coming in now. If we break 105 and stay above its rocket time.

American futures are currently down for the day. That's no guarantee they will stay down but they will start that way.

If we break 105 that's a great sign. Currently we are above all WVAP lines.

Buyers starting to show. VWAP is 100.

Here we go again. Algos chipping the price back down. Just wait till the derampers suddenly turn up again.

I hope so. The news and sentiment is slowly becoming more positive. Notice too how the derampers are missing in action this morning. Another positive sign

Nice rise. Then in comes the sell bots. Same old story

I just got back into ITM today. Think it is maybe going up after Johnson speech about moving away from Russian gas. So alternative energy maybe going up on strength of that.

Lots of sells coming in now. They are pushing to get this back under 95. But volume has been good today so they are not having it all their own way.

I am tempted to buy more around here. That extra vol is what we need to break this cycle.

Same script as the last few months. Slowly being walked down. They will be aiming at 85 now.

Only question is "How low is low enough for them"?

Yep as predicted. Unfortunately we don't only have the Russian situation to deal with we have the algos just ripping this share to pieces at the same time

Hate to say it but I fear the 80s are coming. Only people making money right now are the parasitic hedgies that are stripping value away.

I am getting ready to buy more once the volatility calms a little.

Depends on the open tomorrow. The US is currently going down. If this opens below 95 could be another rough day.

Buyers trying to come in now.

95 reached. If they get it under it will be set up as new resistance unless buyers come in.

Both are being heavily shorted right now.

It is a poor market right now. I have personally gone into cash in all but this share.