Friday, April 05, 2013 12:38:01 PM
Sideways with stealth accumulation -- well, more of a hypothesis than a "call". I'm just another poster with the same information as anyone else in the retail world.
Short.
Cover.
Short.
Cover.
Wait for weak hands to lose faith.
Accumulate.
Short.
Cover.
OOOH! More selling from weak hands! Accumulate.
Short.
Cover.
Rinse and repeat. All the while the drivers of this process are gathering their under a dollar shares (speculation.. all of this).
As this process continues to happen, our based becomes more and more solid.
This can only be kept up for so long until we hit a sudden upshot, in my opinion. A new base; probably below a dollar at first.. keeping it under as LONG as possible. At that point, I feel this can all happen again for a while. Then May happens. The dollar, in my opinion, should be blown by then. It really could happen at any time. No one knows. And when the dollar is blown, various institutional buying limitations are out the door. That is, I believe, why we saw such a huge instant spike on the 21st after we closed over a dollar on the 20th.
The drivers know better now.
So here we are. Slow algorithmic accumulation. I honestly feel like every retail sale is being bought up by long term holding big boys. This pattern screams it to me.
Ahhh, the OTC.
After (assuming it happens -- more personal speculation) we uplist again, we can put these game behind us.
GLTA longs.
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