The way the stock is trading is suspicious. There is a lot of buying support. But when it try to go higher, a big quantity sell down the price. It will repeat and repeat again for a period of time. When all gone quiet, then all buying support will gone suddenly. Price then dropped sharply. That's what happen just a moment ago. Big sharks lurking around. Now it has gone quiet again.
More like you put money on your left pocket and take out from the right pocket. Sell volume is around 100,000 and 200,000 each time. The big support previously, all gone not because seller sold in big volume, it is the buyer suddenly gone.
Just check back around 12pm. the sharp drop. How many shares got traded? probably half of the previous 8,000,000 buying support at 0.53. Not to mention the support level at 0.525, 0.52.
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mjmjmj
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Posted by mjmjmj > 2015-04-09 08:43 | Report Abuse
going up up up