As MM's and wall street players move price around....
well,I don't know how it all works, but you can look at what they did back when they pumped it up from 4 dollars to 14.84....that was pretty outrageous, and then to slam it down to 3 dollars after that.
I don't know what they will be able to do in the current phase now. but I sure don't trust wall street or the MM's.
If they pushed it up to the 8 dollar target, it doesn't seem so outrageous to imagine they could slam it back down to 5 dollars if they could.
I don't worry about my core investment holding...but the trading shares that I want to ride the waves up and down as they go, it looks to me like the rally target is the 8 dollar area for the current pattern, maybe even 7 dollars. 7.50 is a target other peole here are looking at. somewhere around there.... and it wouldn't be crazy to see the powers take it back at least to 6 dollars...but its all a guess.
If the pattern in the game has been a run up into news, followed by a slam down, I see no reason that game wont continue, IF they are still able to do it. Of course, big news like partnership would stop that kind of extreme retrace, but if that doesn't happen, all it seems to take to trigger the take down is one Adam F tweet bash timed at just the right moment.
If the game is that easy for wall street do do, they will do it again.
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