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Saturday, September 05, 2020 9:07:50 AM
By implementing that rogue/criminal nature transaction which dropped the share price from 0.60s to 0.005 in a moment, it brutally disrupted the intense momentum in the beginning of the morning trading, preceded by some desperate short selling to bring the price down and hold it at around 0.60s. Sensed they would fail badly they initiated that rogue/criminal transaction.
Big boys including MMs trade stocks using own proprietary algorithms (computerized programs)based on own parameters. In normal time, a strong upsurging momentum would accelerate as the algorithms are all set to detect and execute changes/momentum, and the opposite is true in a downward trend, and in that case, instead of accelerated price increase it would be accelerated price drop.
So it seemed the evil force succeeded yesterday stopping the upsurged price movement by suddenly and brutally changing the conditions in which all these algorithms were working at that moment all the way back to the beginning of the morning, ie, competing with each other for shares which saw prices increasingly accelerated.
I expect after SEC takes action to get the bottom of it, we will be able to find out who are behind that rogue/criminal transaction, and how SEC penalize those responsible.
Flipper is right. Without that transaction, we might see $1 yesterday. The evil force may delay our ascending temporarily, the upsurging trend has been carved in stone.
Tuesday gap up!
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