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Re: Pnypnchr post# 141312

Saturday, 03/27/2021 3:33:15 PM

Saturday, March 27, 2021 3:33:15 PM

Post# of 221122
What I'm saying is that there are several billions of shares in trips. I have 150M myself. People who are selling are probably making thousands of percent profit. It doesn't matter WHAT they do - everyone has a reason they trade the way they do. It has nothing to do with shitty traders, it is the reason we all buy shares to start with - to make money for ourselves. Anyone that buys or sells at market - those are shitty traders.
Smart traders only trade with limits. You control what price you buy at, and what price you sell at. Nothing can change that, but if people sell at market, the market will tank immediately, because the mm's will lower their bid and get your shares for whatever. It's the worst thing you can do to/for a stock.
All of us in ihub probably own less than 10% of the float. If we all did the same thing at the same time, it probably wouldn't affect share price much. But that won't happen. The other 90% of the common shares are held by people not here on ihub. You don't know what they are doing or why. If they rode the spike up, they may be selling to put the money into another one on a spike. As I said, you cannot know the reasons behind people's trading.