More condescending oratory, Kuskuk. And to think you were my Hero once.
Yes, CDEL is a trader……and his primary responsibility is making a Market…..NOT, NOT, NOT the creation of that ridiculous chart you posted. No interest!. Well, you’ve got that right K; but it appears you haven’t the foggiest notion of WHY.
Let’s look at that Chart, aye. The point of Euphoria is where the major MM’er (AXE) has borrowed from a broker and started selling off. He’s paying a premium for this loan , so he’ll want to buy back as low as he can. So, the Axe, introduces anxiety……to fear….by opening the spread
which essentially creates a FOMO (fear of missing out) knee jerk reaction from traders. Thus more sell off, to get what they can above their entry point. In the case of Xall, DESPITE the best reporting Qtr in company history, per the CEO, investor sentiment wavered …not because of the “simple supply and demand” mechanism you note,
BUT because of the Axe’s manipulation of the one market….Xall.
In economics…..’Supply and Demand’ is not a stand by itself concept.
At it’s best, S&D, is a natural economic principal, and at its worse, it is a regulated and manipulated process of Capitalistic greed…..think Gas Prices at the moment, which is not an example of unencumbered free
market ….the essence of Capitalism. This is Xall in a nutshell.
As I’ve said in the past, Citadel Securities was taken to task by the SEC, after the RH/game stop fiasco…..where retail investors loss big time.
I’m sitting on Xall, because I’ve no where to go. I’m not taking a loss…my death will occur before that.
Oh, one other thing about this chart. It shows absolutely no contraction phase, which Xall has been in now, for nearly 31 months. Go figure.
