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cadillacdave

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cadillacdave

Re: noradio post# 9012

Sunday, 04/21/2024 4:31:15 PM

Sunday, April 21, 2024 4:31:15 PM

Post# of 9246
Do you really think it is shorting that caused this to drop? Perhaps, it is that the algorithmic trading, which is about 70% of the trades, switched from buy mode, to sell.

Shorting this, if there were buyers, would likely have little impact on the price action.

Manipulation - yes. It happens with all stocks. They let it run up and then retail jumps in to chase it and gets in on the buying frenzy - FOMO. Then they drop it fast, people get spooked and sell.
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  • 1Y
  • 5Y
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