For Technical Analysis (TA) to claim credit in predicting the July 1, 2020 Illegal Short Seller Raid on CYDY is not honest.
An example is merited.
A Fire Risk Inspector, a private consultant delivers a report to a client that their building is at risk due to the availability of the supply water available per minute at the fire hydrant.
30 days later, "Peaceful" protestors are doing their thing and burn 6 blocks including the building the Fire Inspector inspected.
Would the inspector expect credit for the prediction?
No one would.
Now CYDY; An obvious conspiracy slammed the share price in 16 minutes from 10$ to less than 5$. The perps even attempted to bury the murder weapon; the research report soon after it hit the internet.
I have never witnessed such a robbery in all my years.
Who were the targets?
1) Any shareholder who entered stop loss orders.
2) Any shareholder who made the purchase due to Technical Analysis (TA).
How so? The users of TA buy and sell on price movement not fundamental developments in the company.
3) any shareholder that did very little research and relied on Momentum.
All three groups are solidly include my famous group that I named the Idiot Factor on a New York Airport in 1986; The Idiot Factor.
Those in the Idiot Factor are ripe pickings for short sellers because they have zero convictions.
Shorts bank on on my Idiot Factor knowing a % of holders will panic and sell their shares to them.
All they needed to do was slam the bids down 5$ with the total Illegal Short Sale of 8,000,000 shares. Why illegal? Because the sales were on downticks. Illegal since the 1934 SEC Act.
Readers, Don't be part of the Idiot Factor.
Best preventive? Have your own Big Picture. Not one of my Pals even thought of hitting the bids on July 1. Many were buying. It was free lunch.
Every shareholder needs to know the truth. It is part of CYDY's history and their future.
