Honestly I have no idea if it's " being sold down for loading purposes " or if some folks are selling because they are up nicely and don't want to wait or whatever.
All I know is it has days when it closes up and days when it closes down. Seems pretty much like every stock I've EVER been in or even watched.
I have yet to see a stock which only goes up.
All I'm saying is that according to folks who hate MONI it was supposed to go down from .0031 in early Jan to .002s. We've heard all manner of theory as to why it's up, you know wash sales, prop bids, pump this and pump that, blah blah blah.
Yet, here we are.
.0145 close again today. Low in the 013s high in the 015s.
Doesn't really seem like anything nefarious or terrible happening.
As far as being confused. What's there to be confused about ?
Does anyone expect a stock to go up every day ? I mean MONI is up almost 400% since early Jan. Down much less from its recent high. That doesn't seem strange to me. Every stock which hits a high, that's why it's the high lol ends up giving up some of the gain at some point.
Whatever the high is after the deal closes, assuming it does, it'll give some of that up too.
I'm not comparing MONI to TSLA but as an example of a stock price which hasn't held it's high.......TSLA closed today at $168.52 ...52 wk low is $101.81 and the high $314.67. The low came after the high so at one point those who bought at the high were down 200%.
Established huge company and yet the SP hit a high and gave a lot back.
1000s of examples to choose from.
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