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raja48185

10/08/18 1:28 PM

#82714 RE: ubmmg #82712

At this rate, they recover all their investment in 10 to 15 cycles.

XenaLives

10/10/18 12:24 AM

#82835 RE: ubmmg #82712

BINGO!!!



ubmmg Member Profile ubmmg Monday, October 8, 2018 1:20:11 PM
Re: ubmmg post# 81817 Post #
82712
of 82834
I posted this 20 day ago. Nothing that I anticipated with respect to the how this stock would be "trading" in the short term future until (and if) the company delivers something trajectory-changing. Absent any material news, we are at the mercy of those predators:
------------------------------------------
Our "friendly" shareholder, CVI, has the following trading habits:
i) It thrives on stock volatility. The run up the equity 4-6% on a given day to then take it down about the same percentage points the very next day. The trading cycle can be as long as a single day, or few days. There's no real pattern, and it's done to confuse and frustrate retail who is trying to trade around a core position. However, the moving average (5-10 days) remains pretty much flat. Thousands and thousands of shares traded, CVI pockets the trading profits and likely reduces its position in doing so.
ii) They tend to create synthetic positions using a reverse conversion. This enhances volatility even more, and thus they pocket more profits.
iii) HFT trading is going to be on a full gear. Now, Iggy, we are talking about money-pullation.
Congrats to all for ending up in this mess!