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Po3sHare

08/21/18 3:58 AM

#1313 RE: j5mith #1312

My theory on the surge, or at least part of it, is that the day traders/pump and dumpers prey on the fanboys. There are a handful of fanboys posting on the FB page. 4 or 5 recently but a bit more at times when they 'anticipate news', but there are 600+ people in the group.

This is how I think it worked. The 'Moller Millionaires', as they call themselves, started talking about who of them owns a million plus(?) shares. With shares below a penny the little group formed a pact to each get above a million shares. The fat ferrari guy who claims to have the most shares in the group (and claims not to have bought or sold in years) also started talking of buying more shares to lower his average SP(and probably to stay the king of the hill). Some of the 600+ members are surely day traders and they saw the group wanted to load up on shares. So they started selling off at higher asking prices.

The price went up a bit and then the old story of "The price has gone up! Somebody must know something we don't! Big news pending!" started. So more people bought on that 'possibility', raising the price even more. Also, previous low volume (probably because nobody bothered trading these shares anymore) also created the theory among fanboys that "people are holding onto their shares! Somebody must know something we don't! Big news pending!". Also sparking higher demand for shares.

Now, basically all of the people who called themselves "Moller Millionaires" have stopped posting on the FB group and they had scores of conversations going on the group exclusively about the stock, it's movement and prices. Now there is no such conversations anymore. No more info for the day traders about what the 'millionaires' plan to do.