BAA share supply is creating a huge deficit. The longer we stay around $0.27-$0.30 the bigger the share supply deficit will be. In that case, the deficit will send BAA above $1 in no time.
A lot of posts on the board said BAA overbought, so BAA is ready to retrace back to $0.25 or even $0.20. So, many old BAA holders sold, or are planning to sell and hope to buy back at lower price later.
Yes, BAA is overbought because BAA price raised too high and too fast.
But it is the overbought making the share supply deficit, not share supply surplus.
Now, see the detail explanations:
Deficit 1:
When BAA reached $0.21 from $0.16 it should be the normal cycle trade pattern. So, many flippers would flip there, for example, Tesax did it there. Tesax is a typical timing indicator on the board, so, I believe many flippers also did it around $0.21. So, there we need share supply for the $0.21 flippers to buy back.
Deficit 2:
Due to price continuous increase, the flippers have no chance to buy back. Then many BAA chartists found a lot of resistances between $0.21 and $0.30, such as $0.25, $0.28 and $0.30. So, many shorts would short BAA along the way from $0.21 to $0.30. They are waiting to cover.
Deficit 3:
The reason is the same as deficit 2, but the traders are not flippers or shorts. They are the true long holders. Some true long holders may not want to sell if BAA is just cycling between $0.16 and $0.21. But when BAA reached $0.31 which is a doubled price from $0.16. So, I think many true long holders also sold some from $0.25 to $0.31. In fact, based on the messages a lot of true long holders posted on the board, I believe a lot of true long holders already sold and they are waiting to buy back.
Deficit 4:
Many share holders think the Baiyin 50M share offering at $0.175 (they called it dilution) will close at the end of Feb, which will drug BAA down. So, they sold or shorted and hope to buy back after the offering.
The above four deficits should be multi-millions of demands.
Now, the question is: Where is the supply coming from?
The so-called 50M Baiyin shares dilution is absolutely not a supply source because it is unregistered private offering, not mature for re-selling.
From the new buyers to re-sell at a loss? I don't think the new buyers that kind of stupid.
From profit-takers? I think all of profit-takers are done between $0.21 and $0.31.
So, now the only supply source should be from you because you think "" zero possibility for BAA back to $0.2-$0.22". Anyone who would say that is not worth listening to"
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