Why does the number of people who could flip it have any relevance? 9M did almost nothing? Then why did it drop?
It's a simple concept, the (5) people who bought at .0002 on Monday could have sold yesterday at .0003 and secured 50% profit. The first sell order yesterday dropped it down a tick. That was only a 1.5M share sale. There was a group of sells in the monrning and group of buys in the afternoon. That buying pressure in the afternoon wasn't strong enough to take it back up, so we closed down. Those 9M didn't play a part in the days action? Any sale will bring it down, 100K or 100M shares it doesn't matter. It's a pink, it takes 4 or 5 times the number of buys than sells to move the stock up.
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