Tuesday, January 26, 2021 7:57:25 PM
Hadn't seen it until just now, but that volume chart is insane. It looks like we popped to .35 cents on fairly low volume, but then when this dipped to 15 cents, there were a TON of trades. I don't know if this was stop losses or someone loading up, but there was 10-15x the volume in the afternoon compared to the morning.
I don't know what this means for the future.
I'm going to give my take but I want to hear what others think.. So on the selling side, I get people taking profits, especially retail who've made 10-20x in a week... so the selling doesn't bother or concern me, and in fact, I sold some off (though well before the big run started, unfortunately).
So... the profit taking is to be expected when we've had the massive gains, and that's why it was encouraging for me to look at the chart tonight and see how much support there was here. The profit taking should run its course eventually, but the interest from these whales doesn't seem like it's going to dry up.
Anyway, it's an exciting run and if we just drop the up and down of the last two days, everyone here would be thrilled :).
Thanks for any thoughts, God Bless!
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