You posted,
lol looks like the sector is moving together and CBIS is setting the pace
It got me thinking of a PM back on the 14th that I got. And if CBIS is the sector leader, it can all make sense and we are in a great spot to explode.
The company had a promoater which held some 5MM shares. They got canned and their contract did not renew back on the 14th. Some PMed saying to watch out and not get caught in the wave on a potential dump.
Well, yesteday we got that 2MM+ dump at the close that we recovered from with ease, And now after this morning's spike we were hit with a bargge of 200K sells to the tune of 2+Million shares.
Now, just speculat'n sum in here.
I'd say some one just got all out.
Nice way to unload 5MM shares. Next run up could be without resistance. This resistance is new. I've not seen this amout of dumpage in the last month.
I think we may be cool once again.
I should have also assumed this is hard for many to digest. WTF promoater Am I talking about? It just came from past PMs of a few that are very close to the BOD. Not the kind of info you go spewing on a public thread. It was 5MM shares held and thats about what these last two dumps add up too. And their timming is very close. Wish I had more info.