InvestorsHub Logo
Followers 85
Posts 5360
Boards Moderated 0
Alias Born 06/24/2017

Re: None

Monday, 12/11/2017 6:46:30 PM

Monday, December 11, 2017 6:46:30 PM

Post# of 12998
here is my thoughts last week in 4 days this traded 1.2b shares most everyone
was holding. Looking at the charts this was overbought still is but not as bad.
Market Markers have to naked short plays like this to make a market so going
into today with being over bought they were short. Last week peeps were able
to slap the ask and get plenty today was totally different and this is where the
problem lies. Peeps wanting to get filled on large orders bid sit and wait on the
impatient because the ask side was thin and they know they will not get a full
fill of their order before it upticks. So now the impatient sell into the bid Market
markers are happy now because it shows weakness and they are able to cover.
I know a few that bought today and sold for a loss because they got scared or
set a stop loss and get stopped out all this plays right into the market makers.
There were big bids at 6s and no one got filled Imo looking at the time sales.
7s should be the bottom. Penny traders are the enemy not the market makers
now days. Market Makers do not have to worry about being short because
they have seen how easy penny players get shook. I have not sold 1 share
and will buy more tomorrow if I can get 6s. this is not some BS play or
some start up these players are pioneers of the MJ business. and than
you have filings showing where Kenneth Griffin and co own shares geez
it does not get any better than this the CEO has been around the block
CANN he started trades for over 3.00 dollars I think am going to ride
with the winners not the losers that sale for a loss and cry's pump
and dump because they have no clue how to trade.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.