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Re: manibiotech post# 661075

Wednesday, 01/03/2024 10:56:30 PM

Wednesday, January 03, 2024 10:56:30 PM

Post# of 698554
manibiotech,

Investors look at share price for direction and confidence that their investment is heading in the right direction. Since most are retail investors, they are not all waiting to add near the bottom rail of the long term uptrend started in March/April 2020. So who started that trend and who do you suppose helped take it right to that last and lowest uptrend line on May 10th 2022 and bounce right off of it with their illegal price manipulation and admitted finger pointing (collusion in the minds of many) at a hit piece as rational for doing so? So obvious and yet so far only seen as circumstantial evidence.
What happens to confidence when that trend line is waterboarded below for a while like happened this last summer? Unfair and illegal price manipulation keeps investors out of the market because many do not have the time to micro manage their investments or have the skills to do so reliably. Even some seasoned investors can get scared out easily when news that should be price supporting and improving gets hammered into price depleting by illegal manipulation.
The longs that have remained here are battle tested and know the game now. That’s why they get called soldiers. This is why I assumed the bears and traders were tasked with getting the price back down to the trend line before any potential acceptance announcement and with tax loss season and low volume during the holidays in the mix to help this is what we are seeing.
There will be another wait likely after any announcement and the bears very likely have some inkling about news time frame from the sources they have. With this in mind, longs should be steeling themselves for a strategic planned wait until approval even if interim news does come in the mean time that helps lift the share price in the interim. Only two things can set a new solid base, partnership and approval. I’m waiting on approval and will take advantage of any baseline or near baseline opportunity. Best wishes.
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