Anyone got any idea what the story here is? First, it runs with volume but without a pump-n-dump outfit sending out news letters. As such, it sure appeared to be fortified by an ACTUAL impetus of some kind. Then it turns, evincing no news of any kind, and retraces the entire 100% of the move.
Obviously, somebody wanted in at .029 and below, a conclusion based on the several large buys at these levels.
It could be argued that somebody was manipulating it down to open an opportunity to the guys who wanted in. If thats the case, than, counter-intuitively, the drive to the 100% retrace of the move speaks of there being value to that entity who wanted in at those levels.
That said, I still ask: what is the backstory behind the volume-led drive up a few days ago?
Anyone know the backstory?
TIA.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."