When you sell $45 million worth of shares at $3 and the stock goes to a 15% discount to THAT DISCOUNTED $3 price, you have a huge probability that $3 is the near term resistance.
So, who would buy now with the prospects very poor that a $3 plus price is possible in the near term?
Thanks in advance for any opinion you can advance.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
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