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Re: bturk post# 54107

Tuesday, 04/29/2014 8:40:53 AM

Tuesday, April 29, 2014 8:40:53 AM

Post# of 179941

Anyone know what was causing massive buys at around 2:30 yesterday?

Bturk, usually the kind of buys, "massive" ones at the end of any given day can mean a few things.

A: Day-Traders are playing the Gap-Game ... wanting to buy at the best price they can get just before the bell because they think it will gap up the next morning, so they can sell into the gap and earn anywhere from 7-20% within the first 15-30 minutes.

B: Buyers believe strongly that at some point during the day the true bottom was hit and the price having bounced off of that bottom will create the bullish reversal. They too are looking to make a profit but may stay in the play thinking they'll make upwards of 50-100% within a day or two

C: Rumors of news ... Chris has been quoted to say that we can expect news this week.

D: Emotion ... with the explosion of momentum and a quick rising pps buyers hit the ask to insure they don't miss out on higher price-targets over an extended period. (*We have new posters ... hint-hint)

E: The chart is technically revealing a Bullish sentiment and people see this as a bottom-play. Example; recently I called VAPE as a bottom play and some of us bought at the end of the day and behold within 24 hours cashed out making 100% and better.

F: Volume proceeds price is not a myth ... we like to see "massive" volume too and investors may believe again that the bottom has been reached so they wait until the end of the day to accumulate and hold for the mid-to-long-term

We have at least 20 on this board that I feel are shareholders in this category, myself being one of them.

Sorry to post this many scenerios but I hope maybe 1 of these is the answer to your question.

Good Luck Today UTRM Traders;

--Ocean--

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