Absolutely NOTHING remotely about a r/s= scare tactics. Why increase the a/s-o/s a tad, pay off some peeps in shares,.. just to burn them with a r/s,...
Now, is it "possible"??,...of course, it's pinky land, the wild west, ANYTHING can happen down here,.. which is why we are here;-)
Imagine being a young lad in the 1850-1880's in the "big" city,.. the cities back then were getting industrialized, social life was steady & "proper", fine dining, cafes, classy bars, theaters, modern transportation,, etc, One could get a decent "blue chip stock" factory job, settle down, no real risks. Or, the family man doing the same yet, doesn't want to just "settle".
100's of thousands sold it ALL,...& hit the Oregon Trail,.. "honey, my family, you & our youngin's are better than just "settlin'"
That wick down Friday the 24th and the low volume walk back up (mentioned already) told a story considering news followed Tuesday and sells won again. If you consider where this was two weeks ago it makes sense people were scaling out knowing they could pick up shares again cheaper. I’m sure some used the profit to increase share count. But… I think my question for Fink got answered with todays price action. The games I was seeing on the ask were sellers. Going to have to put in a new high soon or the trade will be from the low back to the trendline as it descends. JMHO
This would be the pattern that happens often and I referred to in my last reply….. that is it gets dropped usually to the point it’s a 80% bounce back to the trendline…. Totally not stock related so I’m not bashing the stock. Just a pattern. A lot of times they follow it but not always.
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