Amfil Technologies Inc (FUNN)

[recinvestor]

When the floor suddenly drops from underneath, seemingly out of nowhere, often times you will see a healthy rebound follow soon after.

Do not use stop losses. Market makers have full viewing access to these orders and they WILL take advantage of it. This is one scenario that may have played out today.

Another scenario is that a single investor who bought in much lower, decided to take profits. Market makers will pull bid support temporarily if they see a large quantity of shares dumping. So too will retail investors. Once a bottom is found, support comes back and the market will naturally correct itself accordingly.

It's rare we see intraday volatility like today, but it happens every now and then in AMFE. It can be easily found by pulling up a simple historical chart. And once spotted on this chart, it's just as simple to spot the strength and conviction that has always brought the price per share roaring back and hitting new highs.

This pattern is very bullish!

I haven't been watching very closely today, but I'm pretty sure based on observing the market on other days very closely, that our "big investor or sponsor" was not in full action today.

Go AMFE
Rec