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Alias Born | 04/28/2014 |
Friday, July 28, 2017 4:29:43 PM
I think the spikes up were instead smarter than average shorts covering at the bottom. Then those that bought too high initially then took the opportunity to get out once the chart popped up.
The longs did not want to wait anymore, the position's unrealized loss on paper weighed in on them for too long and they natually impatiently sold it to get rid of the position. They don't care they sold at the bottom and it was going to recover later, they just wanted relief from the position now.
I do not see any pre planned or concerted pump and dump effort suggested here, no any risky perceptions of thin ice. I know my charting isn't made up of that nor does it include any of those things posed.
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