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Wednesday, January 18, 2012 2:40:42 PM
Often, they have sooooooo many shares that they are trying to dump into the market, that the price will drop 10% or so before the close of the day. Let's just wait and see before all the laughing gets to a cackling level.
Sometimes, it does better, and only drops 3 to 4%. Let's hope today is one of the days it does better. So far today, it has already dropped to 3% below yesterday's close, and recovered a little. Will it go for more before the end of the day? Don't know, place your bets one way or the other, ROTFLOL.
However, the point is: I like knowing what to expect from the pattern so that I am not buying above the fake support and I have the wisdom to wait until the "bottom drops out" of their manipulation of price, at which time they will sell more shares into the market. SOMETIMES, a good time to buy; for a quick trade that is.
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