VATE had been the strongest stock in the entire sector over the past 2 weeks
It moved from .028 to .073 on huge volume, including one day with over 20M in volume
On the pullback from .073 over the past few days, the volume has been comparatively minuscule, and the MMs have not been able to reload very many shares:
The MMs know that their time is very limited to extract shares from weak hands, because they know that Hemp Legalization is coming on Wednesday or Thursday
They had a perfect opportunity to take advantage of the situation today and they acted accordingly by taking VATE down to just below the 200-day moving average in order to induce selling
It worked okay for them today
Once the MMs get their fill of shares, then they will take VATE right back up
Or VATE will be taken back up by the regular market participation of smart money — buyers getting in before Hemp Legalization, which is slated to be passed by Congress and signed into law within 24-48 hours
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