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Re: Ignatius J. Reilly post# 49725

Wednesday, 04/26/2017 10:58:59 AM

Wednesday, April 26, 2017 10:58:59 AM

Post# of 54224
Exactly - short term hypesters coming in here doesn't help because they concentrate on the wrong aspects and give their followers unrealistic expectations as to what will create a run (eg the Superbowl nonsense) and how big it will be.

However, what is clear to those who study the stock long-term like we do is that it is relatively easy to set up for success by accumulating large amounts by buying on the ask (.0003 this year) when it is obvious that significant amounts are not going to be available at a lower price. It doesn't even matter if you don't get the bottom price because those that react to scanners showing 5M/10M/20M buys are forced to buy higher and it won't go down lower until after the next run.

It also helps to know at what price level people are unlikely to sell at, which can be determined by recording what volume was available at each price point.