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Re: sman154 post# 54103

Saturday, 07/09/2016 8:07:57 AM

Saturday, July 09, 2016 8:07:57 AM

Post# of 63744
BAA USA closed at 0.385 is also two-year highest close although some in-day trades were higher than $0.385.

July 10, 2014: open $0.42; High $0.43; close $0.36; volume 8.1 M
May 18, 2015: open $0.33; high $0.40; close $0.38; volume 7.1 M
Now: open $0.365; high $0.385; close $0.385; volume 1.8 M

Do you see the differences among these trades?

The first two were pump and dump obviously because they had huge volume, but closed not the day high. That means a lot of selloff at its high.

However, now it is totally different from pump and dump because 1.8 M trade is almost just daily average, but we closed the day high. It means people chasing the high and preventing the sellers from buying back at a lower price than they sold.

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