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VikingInvest

09/12/22 11:43 AM

#513149 RE: Bright Boy #513141

LOL

I posted way after their walk down in SP. I highly doubt this is shorting. I think that we are in a period, and have been for a few days, of shorts trying to cover and MM’s helping them.

They are walking a very thin line of trying to lower the price without attracting traders and longs to compete for the bids. If they move it too far down, the traders will stop selling and start buying. They are continuously trying to find levels where traders will sell and buyers will not interfere with them picking up shares.

I think we could end up positive on the day as they will run out of sellers and have to move it back up to attract more selling.

I have not been trading for months with the exception of one day when it moved up too high in relation to the norm.

JMHO
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extrooper

09/12/22 1:17 PM

#513172 RE: Bright Boy #513141

I can only hope that day traders lost lots of money on today’s drop of $.03