Replies to post #53241 on Golden Matrix Group Inc. (GMGI)

[PokerStar]

The trades brother....2K bought on the ask and 28K sold on the bid. The trades are recorded on this site. And yes, of course there is a buyer for every sell, and a seller with every buy. It just shows the strength or in our case, the weakness in our trading pattern. Shows that there are few, if any people slapping the ask like you'd see if there were a lot of buyers fighting over shares. Instead, we have sellers unwilling to wait on the ask for a buyer, so they take less and sell into the bid so they can get out.


PokerStar

[PokerStar]

Another thing the recorded trades show is the likelyhood of just how many shares are being shorted here. We all know there is no way this stock is worth less than $4-$5 bucks yet we see blocks sold into the bid at $2.40. Unless it's being shorted, who would sell down here? It shows they will keep shorting until buyers show up and start ask slapping. They will keep shorting until enough strength from buyers show up and a reversal starts before they stop playing this game.


PokerStar