I think this "correction" is just wealthy folks stealing people's money that panic sell before the market continues. Everyone can point and say well it's been a hood ride and it needed a pullback. People panic sell, rich folk buy it back, and we continue on. Like you said no reason for the dip other than people feeling like there must be a pullback.
Seems like a familiar story. Maybe will make a good bedtime story for my son.
UATG needs to kick it in gear. This seems like a planned sell off to me so someone can acquire mass shares. The question is who. I think we will see this happen more frequently, til the AS is almost maxed. Someone that's "well funded" could acquire 51% of the shares for a little over a million dollars. Chump change to some and just about damn near complete at this point. They could acquire 100% for right around 2 million here. So who is the phantom buyer soaking up these huge 20 mil + share lots. Maybe it's our old buddy from our early college days before we graduated and became a guy that made $80k in a quarter. Maybe it's our old buddy Next Cast. My prediction.... from this share selling we will see the emergence of Next Technologies Group. Things that make you wonder if the moon can be reached with just a little well funded rocket BioPur fuel.
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