I believe that what we have here are 'traders' taking advantage of the high volume and low cost buying on dips, then selling into any 'good news' which appears to flow freely, and at a regular pace. Holding enough shares they can take small
profits (quick turnover). With this volume, they can enter, and exit without problem.
Notice it is nearly all done at the beginning of the session.
I've even done it myself, but not as a method of play. I was holding a profit, felt it would not go higher - it was stalling too long, so I sold out, having made $300, then bought back in again as it fell back later in the day.
No 'rule' is sacrosanct, but it is generally accepted, so I have read, that long term 'investors' generally buy towards the close, which results on a price rise at the end, not the start.
It's been a good helpful guide to me so far.
Too many people had their fingers burned in the past with this company,as most of you know, so they are nervous. However, I believe this time they have got things right.
It's a good lottery ticket, especially in the climate we are moving towards. And, it offers 'two bangs for the buck'
