The article concerning the contract termination with the two Brokerage companies to sell the PP was released at 9:00am ET this morning. I seen as soon as the day started there were more Brokers/MM on Level two than there usually are. If you could see the trades for all day then you would see that the SP largest drop was around 9:30am moving forward.
I watch Level 2 & the trade screen daily especially lately since we have been losing sp. It helps tremendously in determining whats going on behind the scenes. So my opinion is based on the timing of the article along with what I seen on Level 2 & Trade Screen throughout the day. Over 4 times the 10 day average in volume takes a catalyst to occur. The article was the only one today that I know of and the timing coincided with sp action.
For the Trade screen question. I never said good positive information. I said good information. There is a difference.
I am down 58% equity in my position and general rule I NEVER hold past 30% equity loss on any stock. This one like you, I believe in the product. I also believe in the folks we have behind the scenes for a multitude of reasons and I'm not going to provide those reasons. I have spent an enormous amount of time in my research of these folks and I'm not going to spend more time in convincing others of my findings. The information is available to any that seek it.
All I can say is that anyone who is panicking or overly stressed about the sp action lately to go back and do as much DD as possible to help yourself and only yourself, decide to sell at a loss and move on or bite the bullet and hang on. I am doing the later and advise no one to make their decision based on the one that I am making. It's your money, your stock, and your decision.
I hope this provides you with the information you were wanting and although I may disagree with some of your views, I still respect and appreciate your input. If any of my post suggest otherwise, then please accept my apologies and know that no disrespect was intended.
Best Wishes to us all.
