Friday, July 16, 2021 12:13:21 PM
You can observe a larger block being posted on the ASK side in the am and slowly moved lower. Any buyers back off and wait for lower prices as there is a motivated seller. This seller eventually ends up hitting the quoted Bid price and mostly market sells any leftover quantity of shares from the difference bid quantity to his sell size.
There is no news and no volume! It’s simply frustrated or nervous retail holders selling out or reducing their holdings!
Can’t blame them but it’s not the right time to sell IMO. Wait for the always returning pop in price to reduce to comfortable risk size.
All that happened is…. Nothing happened and it’s simply continue to wait for AMLO or Mexican govt to announce our projects…. Patience
Ask some longtime holders here for how many years they have held onto their shares and what their avg prices are
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