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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,045.19
(
-0.31%
)
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Toxic Avenger

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Toxic Avenger

Re: NosajEwad post# 23630

Thursday, 05/25/2017 12:31:06 PM

Thursday, May 25, 2017 12:31:06 PM

Post# of 52915
My point was that whenever the price goes down, or large asks show up, it's explained as MMs or shareholders trying to manipulate the price down to buy in cheaply and whenever it goes up, it's explained as how everyone wants in.

The reality is that both up and down movements are governed by retail perceptions. Nothing more, nothing less. On the OTC, MMs are order takers. They don't take positions and they don't short unless they have an immediate seller from whom they can cover.

When you think "there can't be that many people falling for this", remember the Bernie Madoff story and recall that over $50 BILLION of smart money fell for a great story.

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