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Re: KingMidasAu post# 55612

Sunday, 08/20/2017 12:17:07 PM

Sunday, August 20, 2017 12:17:07 PM

Post# of 61040
Big volume was because of news.

So the news of 08-Aug wasn't good after all? LOL

Sold down as you posted on lesser volume and therefore just some bad trading doesnt mean its dumping.



Wrong, it's a classical dump. What happened the last time EFLN got to 0045, or above 0022?

04/07/2017 0.0051 202,357,700
04/06/2017 0.0034 369,051,400

The insiders dump, and the traders sell into any bids left. Resulting in subsequent low volume.

If it was a billion volume I would agree but it wasny even close.



Doesn't matter what one believes... the 1% rule keeps the insiders from dumping 1B all at once.

As for the other post...

Lol didnt know all trading volume counts as dumping!



No, just most. There's bound to be posts on this forum somewhere claiming the float is low, or locked. SHs vowing to hold on for that big score. Then where does these spikes in volume out of nowhere come from? What one should "believes" in is that the insiders don't award themselves stock, and then hold it forever. Especially since there's nothing to stop them from awarding themselves more free stock in the future.

Thats a new one to me!



Apparently that is the case.

Im so far in the green I cant be be unhappy in the least.



Amazing what a low volume paint of the tape can do for paper profit. Assuming a SH bought below 0018, as opposed to at 0064.

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