Blue Diamond Ventures Inc (BLDV)

[Ronin_Trader]

A big holder or holders decided to take profits, then more traders followed. This is normal when a stock starts to peak on it's chart.

There are traders that follow charts and will start to sell at the peaks. Other traders will follow as they see certain supports being broke. But again... this is normal.

Volume will start to taper off and will get lighter and lighter. Until some people start to feel the stock has been oversold. Then volume returns to push the chart back up.

However, ask yourself... has anything change?...No. So that's how we know it was just chart selling and profit taking, and so the stock will go back up on news or increase in buying.

But...if anyone is here for the MJ licences news down the line, or the Israel news deals... then, none of the above matters. Because a flood of buyers will come rushing back in at the sight of one of those news updates.