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Alias Born | 07/20/2017 |
Thursday, October 31, 2019 2:53:53 PM
Here is my theory. Those are not normal size ask blocks. They are people who clearly control a lot of shares. Look at the number of shares that get sold every day.
Today for instance, 3,000,000+ volume. If they used 500,000 shares to force that many free, even if someone eventually slaps their block, they’ve already accumulate 500,000 back for cheaper and then more.
I think the whales are pulling back the sling shot meaning forcing shares into the hands of whales at a lower price — whales who won't sell easily.
They're just waiting on the catalyst. Also, going down into news is way better than running up. Running up is a selloff. This will be a rocketship.
Look at $AGR*. It had a huge selloff into news and I took advantage of that the last few days by buying the dip. This will be the same.
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