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Re: broken_investor post# 82461

Tuesday, 06/11/2019 12:26:52 PM

Tuesday, June 11, 2019 12:26:52 PM

Post# of 116608
There's a lot of people out there with $50k+ brokerage accounts, many people with $100-500k accounts. It only costs about $40k to buy all the shares from .003-.004 and cause other people to buy on top of that because it looks like it's going to fly from the "huge" volume. But this 25 million volume isn't really huge volume. So that one or two people that bought a bunch of shares sees they are up 20-40% in like 2 minutes so they dump it all. Then there's the 100-200 people watching that are too scared to spend $10-50k to get the price back up like the last person, or simply don't have deep pockets to buy back at the low prices. So volume goes back to very low for hours or days, people get mad and there's more selling than buying again. Then randomly someone days or weeks ahead spends tens of thousands again to rally the price again, rinse/repeat.