Friday, May 31, 2013 10:26:17 AM
Yeah, I don't think that it was a coincidence either. I don't think it's people or groups running this though. The overall price movement on this stock looks pretty blatantly run by an HFT algorithm. It runs through similar repeating patterns over and over again. And it's not just recently either. You can look back over the past year or two and see similar patterns. I think people affect which direction and how far the price will travel, but not the motion itself, if that makes sense.
Unfortunately, that still hasn't made it easy to read in many cases. The only two things you can bank on is that after a big run up there will be a huge quick drop and a bounce and that the price movement will get super tight before the next big move. But exactly how it oscillates between those times continues to elude me.
I feel for you, and all of us, that have had problems with the OTC. They need to step up their game.
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