Re: Just checked the chart again....seeing another wedge
in response to
by
posted on
Apr 03, 2019 10:57PM
I like your technical analysis.
Been following this board for over two months since i initiated my long in early feb.
one thing i have noticed is that this stock is inactive and the reason we see it drop down on low volumes is short sellers taking advantage of the illiquidity and throwing shares at the almost non-existent bid, big hands are already pretty much spoken for so i would assume most market activity here is retail.
Why buy in the open market if you can get private placement underneath market price without volatility. I believe the big spike we saw in march was a new shareholder loading up on 100-200k to play top line. They obviously stopped quickly because got too expensive to continue buying ! It does make sense for big investors to wait until after top line to start really ramping this up due to illiquidity. Why risk for high price before you know for sure ..?