Replies to post #86400 on Discovery Minerals LTD (DSCR)

[chuck4345]

Yes they are lying

[todd-m]

I both agree and disagree with chuck4345 statements that they are “lying” and “Don’t trust anyone on these boards. Most just want to sell you their shares”

I don’t think anyone really knows because people fall into a variety of categories and financial situations. When people say they are picking up "several mil" in the dips, it could mean anything including:
• They spread their buying out over multiple days or over multiple weeks

• They bought a big portion at an earlier point in time and added more recently

• The stock was still below $0.0009 up until the end of January 2021, and they could have added recently

• They bought at a higher price (the stock hit a high of $0.01 last week), the stock dropped, and now they are adding to “average down” (In my opinion, this is probably the number #1 reason when people make such comments about buying the dips)

• They have a margin account and they are intentionally or are accidently borrowing to buy the several million shares

[Lowhndcpr]

Trades aren't always made in large blocks. Most of the time it's several small block transactions that show up for the large block you are trying to purchase. For instance....i bid a million at .0053 on a dip. It took 3 transactions to partial fill 800k and the rest of the order sat there until it got filled later.

There were 69 million shares traded today (slow day). How do you think this volume is attained if people aren't buying millions?

Apply for Level 2 with your broker and see all the market makers along with the Bid/Ask amount. Call your broker and they can explain the above to you a lot better than me. However, I don't see anyone lying here to trick you into selling you their shares. The pros want to buy the dips and sell the rips. It's all a game.