i don't believe in the big D here. but, looks like a massive amount of shares that were previously restricted have been selling lately. i think they said that in a email or pr awhile ago, but it looks to still be happening.
the chart looks disgusting. low vol, williams -87.5,rsi 36, stokes in the basement, macd is scary, low bollie now at 5. all indicate way more selling than buying. no other boards (that i read) are buzzing on this. all bad.
good news though, we may jump on rumour soon (buy rumour-sell news). also that 'friendly' mm, efgi, seems to wanna hold no lower than 5. i do think that a pr on massive buyback will light the fire here. you can't ignore how huge the A/S is. restricted or not, billions of A/S scares away many folk. this is not ge or apple. they may jump in this for a momo play if it pops, but efgo neeeeeds to retire a ton of shares or even, cough cough, r/s at some point.
yes, i'm frustrated. my average is 0012. i'm thinking i may quadruple up if it hits 0004 though. average way down. maybe buy up some of those endless 5s. looking forward to meatier prs next week (but not monday, i need to load up first)
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