InvestorsHub Logo
Followers 9
Posts 201
Boards Moderated 0
Alias Born 08/15/2014

Re: Pennystomper55 post# 185041

Tuesday, 08/26/2014 1:37:30 PM

Tuesday, August 26, 2014 1:37:30 PM

Post# of 341651
Never saw such amounts on the bid. Seems like they want to accumulate as much as possible on the cheap.
This is strategy being used so as to maximize profits on the buys. They know there's big bucks to be made and as long as they can keep it down, they can make money on the volume.
Once it rises, the volume will drop accordingly, and as long as longs hold, the bid will only be attractive to those who stand to make profits short term.
We won't tank, but eventually, the game is over for fractions.