Another consideration is not so much one or two large retail investors dumping, but more of the multitude of on-line traders within I-Hub and other on-line forums. CEMJQ has been en fuego and in the "Buzz Cloud" for months for non-institutional traders and amateur investors. I'm sure many built up their positions as we approached both the $1.00 pyschological barrier and the golden cross. This was obvious by the chatter and excitement on the boards leading up to these milestones. After crossing those barriers and once it appeared that the momentum had suddenly shifted on a late Friday afternoon, it is very easy to imagine the hordes of retail traders falling over each other to close out their CEMJQ positions with market sells in order to just lock in whatever profits or minimize whatever losses once $1.00 was breached.
JMHO,
Rick
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