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Re: Chiran post# 25237

Wednesday, 03/26/2014 12:00:37 PM

Wednesday, March 26, 2014 12:00:37 PM

Post# of 39962
The flipping was inevitable but will decrease exponentially with each tick as the profit margin becomes smaller with every move up. Going from 2 to 3 is a 50% gain and at least half of the buyers at 2 will take it. For the same returns for the new buyers they'll need to sell at 4.5 (some will round up or down, probably with a split if sellers between 4 and 5), then you'll need 8's and tens, then 16's and 20's.

Point I'm making is once the flippers at three are bought out the same buying pressure that got us there would take it to 6. We're just swing sticky prices because were so close to the floor.

I don't call that a dump though - no new shares are being pushed into the market, it's a bidding up, and provided this thing isn't exposed as fraud, it's going to slowly work.