Nothing new happened here.... settle down.
Everyone should settle down. It took me 5 rounds of retrace to get it into my head that the 10k lots will take us up or down on any given day. We were manipulated up with 10k lots to sustain a high .07s PPS, then today we were manipulated down and walls were put up INSTANTLY. For the new guys to the board who are wondering along the lines of "hey, if POTN is such hot sh*t, why is no one buying at .06x?" The answer is HISTORY. We know if it was manipulated to .06's, there's a mighty fine chance that .05s and even .04s may come, so why try and form a NEW support level that has little chance of being sustained?
I called it around 2weeks ago that we were due for a bear raid and it happened as scheduled. MMs and manipulators know that dumb money was chasing the rally and doing some major bid-jumping in the .07's. They've been long-squeezing dumb money into selling after letting it hit .075 to .08, invoking a 30-50% loss within a week's time, buy-to-cover and buy-to-hold at the same low-points and doing all of this OVER AND OVER again. Manipulators are making ALL of their money on a 3cent to 4cent difference these days. POTN has all of the PRs in the world to allow this drop and recovery elasticity to occur.
Anyone currently at an average higher than .07 has NOT been paying attention over the past few months or never bought more cheapies to get a lower average. What goes up must come down....every 2weeks or so....so like I said, NOTHING NEW just happened.
FloridaInvestor knows what the deal is. If I was to take a guess, this latest bear raid was primarily for a quick short and buytocover+buytohold daytrade in anticipation of MJAC conference PR that is likely due in the next day or two. If the conference PR doesn't lift us beyond .075, expect some major dumping on PR day followed by another bear raid back down to .06. If the PR DOES lift us and we see the 10k's, expect the next bear raid to occur starting from the .08s.
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