Wednesday, January 16, 2019 2:16:38 PM
While not indicative of this, I noticed the first big dump of shares 9/9/16: See chart link:
https://dawgtrading.com/images/shared/xsnx-190116.html
Also accumulation, and OBV are rising higher and higher according to the chart.
A few share cycles happened since then you can see the pump and dumps on the chart. How many people are stuck at those levels buying in on the pump getting stuck at those levels or much higher levels.
So the way I am looking at this if a new pump does come based off good numbers, or just in general for whatever reason. The MM's could be buying into peoples break even points because they are looking for an exit. Once they clear those and then push it higher, possibly investors feeling greedy will start buying back in because FOMO.
It would be at this point at the next leg higher that MM's would then be selling into that last push.
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