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Thursday, February 09, 2023 1:35:01 PM
coulda been a normie, a larger buyer who doesn't follow this forum or care, or a market maker.
what is important to note is that once it was done, the MMs immediately sold half to drive it to 000001 and lo and behold, all the big stocks go from green to red at the same time.
but they haven't broken the ascending wedge. and all the powell talking heads isn't going to make it so.
algos move markets and prices, retailers don't. but at this point if they crash markets kenny loses on his long positions and any small hands who don't fold during the crash win.
so they will have to move markets up to protect their 4x leveraged longs on tired out old FANG stocks. and with that, so lift the baskets of 150 meme stocks, which also isn't that great for them either.
should UBQU stay pink......we win in the end.
any stock above .0010, imo, holding is the answer on days the algos serve us big red.
bad traders buy on rips sell on dips. good traders do the opposite - nico roensch.
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