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Thursday, September 03, 2020 2:40:48 PM
Lets go back to take a look at the accumulation from Jan 1, 2020 through 6/18. What you'll notice is that it's pretty flat, with some minor increases here/there, right? Then it spikes up on friday 6/19, and drops back a little on Monday 6/22. On 6/23 there was an "actual/legitimate" sell-off, and the accumulation dropped substantially, then stayed flat/low through 7/16, where it began growing again afterwards.
Why am I pointing this out? Because what happened back on 6/22 & 6/23 was legitimate/organic. A lot of people who bought in during the original spike up to 0.15 back in early 2019, finally took the opportunity to get out with profits and/or small loss (depending on purchase price), which is why we saw the sudden drop in accumulation of 130M+ and the RSI was cut in half.
Now, lets take a look at what happened on 8.11.20, which can be described as many things, but organic/legitimate are not among them. Between 8/5 -8/10 there were roughly 272M shares traded between 5.6-.10, 215M of which were bought between .072-.10, then all of a sudden on 8/11 there are only 68M shares traded and its forced as low as .0575, but no gigantic drop in accumulation????? Since 8/11 there have been roughly 290M shares traded and accumulation has for the most part remained flat, while the RSI continues pushing towards O/S territory. People who bought in the 072-.10 range don't sell in the 04/05 range! This is not organic! What happened on 8/11 and since is/was 100% manufactured, but I promise you it will come to an end.
ema playtime is almost over, and adult swim's about to begin. Better get your arm floats so you don't get hurt!
Why would a mod sticky a post full of complete utter BS?
Nobody is shorting this stock. There are no naked or regular shorted shares as plainly seen by going to FINRA and looking up the short interest. There are no failures to deliver either.
Putting a post up top that has no basis in facts makes zero sense at all
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