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Re: Bourbon_on_my_cornflakes post# 66723

Wednesday, 05/02/2018 11:39:19 AM

Wednesday, May 02, 2018 11:39:19 AM

Post# of 108195
Hmm I don't know if I buy it... Those flippers had a very small window before the stock dove under the offering price and cancelled out any profit. I'd have to review but I don't think there was enough volume during that window for the majority of the 10M to get dumped for profit. If that's the case they're selling for a loss which brings us back to "so who's buying it all?"

I'm of the opinion that the impact of flippers is overstated here. I think the collapse velocity, weak bounces, and threat of continued collapse would scare most away.

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