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OhManIDied

09/24/16 8:07 PM

#7014 RE: SmallCapValueInvestor #7013

If I was a whale trying to load this I would keep it below the 10/20 MAs. Usually when a stock breaks below these and doesn't regain them within a few days, it's relatively easy to make it drop substantially. The carnage prompts even the strongest hands to unload, making for an amazing loading dock.

The fact that this didn't tank after breaking below the MAs hints (at least for me) that there are multiple whales playing this game. They are greedy but not desperate enough to just but outright yet