RE: Facts13 Jun 2018 18:21
I've noticed this before as well. They are not shorting, but buying slowly, then selling a huge amount at once. This has the effect of causing a sudden loss in SP, which is then exacerbated by smaller holders stops being hit, causing a drop which is more pronounced. They then buy back in smaller amounts, and the price slowly rises back, but not quite back to where it was before due to the stop losses that were hit. The net effect is a slow decent of the SP. Then when the price has hit rock bottom, when all the small holders have given up at a big loss, they buy back and ride the pump and dump back up again. It's total market manipulation, due to the amounts bought and sold being large enough to shift the price markedly. They usually appear as a pair of identical trades, usually within 20 seconds of each other. The best you can hope for is wait and guess where the bottom might be then keep buying and waiting until the SP takes off again, but it's not for the faint hearted.