I use logic-
1. 7 million of (traders and MM) shares removed from the float in 2 days
2. Stock price nearly doubled in 2 days - where's the sellers? Stock would not rise if there was a large float and more sellers than buyers, right? Right.
3. Smart money was paying nearly twice the low last week. There is a difference between outstanding shares and float. You can see from how small the float is that most are long term holders. If the outstanding is 275MM as you say, than 7/275 is less than 2.5% of outstanding. Thats not a run on the bank, thats smart money picking off traders, trade by trade.
Smart money is true trickle down economics in action - but you have to be invested before Smart Money comes around.
Trickle down does not work if you are out of the stock.
The Good News is that Smart Money does not buy penny stocks like QTMM to jump out the next day, no, they ride them up to those 4700% profits that angelnexus guy was talking about. They like big positions and lots of profits.
Carpe Diem and Chill Out!
PuraVida19
"There are no limits.
There are only plateaus,
and you must not stay there,
you must go beyond them."
~~ Bruce Lee
