AMEL
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Well I see AMELL acted as expected pretty much. LOL Only thing which didn't happen was pro day traders pre lunch pop. Guess they didn't stick around like I thought they would. After lunch went as expected and open retrace also.
The more you see something happen, the more you can rely on it !
Attention pops, with darkside exit noticed, will fall the day after. As the pennylanders buy at bid to get cheapest entry possible.
I have posted about this subject so many times It's a shame. The logic of uneducated OTC retail just escapes me. If you want your stocks price to run, buy the ask stack and help support it's progress.
Example;
If an average little guy trade is $1k. At open AMEL was .0032 ask. Pennylanders wanted in at bid, as usual. So if retail bought at .0031 bid, they would help cause price decrease and saved $1.00.
$1000 / .0032 = 312,500 shares at ask.
$1000 / .0031 = 322,589 shares at bid.
.0001 x 10,000 shares = $1.00
This buy the bid pennyland buyer mentality all day, ended with price at .002 x the 322,589 shares @ .0031 = $648; $1000 - 648 = $352 days loss.
So this "buy in cheap mindset" cost $352 dollars, to save $1 dollar on entry, in this case. Of the 350 trades today, 70% were bought at bid. Think what would have happened if 70% of retail supported the ask and spent the dollar saved. LOL
Granted, this one is kind of extreme, but pennylanders shoot themselves in the foot every day, buying the bid!!! There's NO changing the herds mindset. They will always try to enter at bid. Saving pennies, often costing dollars; creating downward pressure on the stock they want to run. They even try bid when it's running. And end up chasing and costing more then if the bought above the ask to close first in the queue.
When I first started posting on message boards. I tried to present this; buy above ask; close first, sell below bid; close first, don't get caught in the order line or drive price opposite to direction you want logic, at numerous stock boards. Waste of time.
So think about this and remember and count on it; If there is NO dark master driving/feeding price increase, retail will pull price down 90% of the time, on the OTC. It's an inborn instinct in pennylanders to save a penny, expecting dollars in return. They also feel posting only positive comments on a board will help. I stopped feeling sorry for the sheep after a year of trying to introduce logic into their minds and only post at my board now. For those wanting to learn.
Don't day trade, when darkside is done, in an attention pop. For that matter, sell a swing trade on exhaustion of a darkside climb. Step out of the herd. There dumb animals.
