Odette
:
It will rebound up again, stock borrowers sell what they do not own hoping to make a company bankrupt and eventually must buy back.
Our resistance is minimally $1. They sell between $1.5 to $3.5 to greatly reduce the figures after mass buying to raise the price, then mass sell to reduce the price, follow by manipulate you to feel scared and sell yours so the price drop further.
The volume is in millions, matter of time they must buy back. Currently most of them have not bought it back, as their plan is to reduce it further and hopefully to 0, which is a risk they took but if it rises back, they will also panic buy if the purchase power increases again since many people sold on friday.
If we hold our positions and buy the dip, there is only so much they can buy and resell while owing millions of stock with interest they must pay and return in the end.
Odette
MayFlower
:
Sure. Lets start with the resistance. Both screenshots are mine and I am still holding without selling any piece.
From the chart, it dropped rapidly during market open from 12am (GMT+8) until market close due to massive buy and massive sell done by the stock borrowers to manipulate the market. If you pay attention to market close figure, it has a resistance of $1, it closed above 1 dollar.
From the last screenshot, the number of short volume is way higher than the previous days, this signifies that they are whacking the market harder than before and more volatile than before, there was 193million of short volume and 1.31b of total trading volume just yesterday. It is not normal. They manipulate this very hard compare to usual volume which is less than half a billion.
Next, you can see many people like user name “Capoo” start to say negative things asking you to cash out before its too late etc, they are shorters from other platforms that want you to let go your stocks so that price drop even further due to panic selling and a number of them pose threats as it is delisting, where I had proven it is not based on other articles with reference. You can open my profile to view my other original posts.
So many panic selling and many manipulations happened to make people sell low when they bought high.
Next, there is a screenshot from Fintel with statistics on existing shorted shares of 36.3 million. It means they have not return these borrowed share, if we maintain resistance by not selling and continue holding our existing shares or buy the discounted dip that they forcefully sold at $1-1.2 to lower it to 0.72 yesterday post market, they only play this game among themselves until someone from shorter team holds the bag themselves as they must buy back 36.3million of shorted shares to return back. If each is $1, they must buy back 36.3million worth of stocks to return. If they don’t, they must pay more interest the longer they hold or borrow.
Odette
MayFlower
:
There are more reddit posts from other users who explained this situation better on why sudden surge and drop. Yesterday is 3rd friday of the month so many options expire and must close yesterday. And some people’s settings for their stocks have trigger points to prevent huge loss so it auto sell once triggered before certain figures by the system.
Odette : It will rebound up again, stock borrowers sell what they do not own hoping to make a company bankrupt and eventually must buy back.
Our resistance is minimally $1. They sell between $1.5 to $3.5 to greatly reduce the figures after mass buying to raise the price, then mass sell to reduce the price, follow by manipulate you to feel scared and sell yours so the price drop further.
The volume is in millions, matter of time they must buy back. Currently most of them have not bought it back, as their plan is to reduce it further and hopefully to 0, which is a risk they took but if it rises back, they will also panic buy if the purchase power increases again since many people sold on friday.
If we hold our positions and buy the dip, there is only so much they can buy and resell while owing millions of stock with interest they must pay and return in the end.
MayFlower Odette : can you show us some objective data to support you statement?
Odette MayFlower : Sure. Lets start with the resistance. Both screenshots are mine and I am still holding without selling any piece.
From the chart, it dropped rapidly during market open from 12am (GMT+8) until market close due to massive buy and massive sell done by the stock borrowers to manipulate the market. If you pay attention to market close figure, it has a resistance of $1, it closed above 1 dollar.
From the last screenshot, the number of short volume is way higher than the previous days, this signifies that they are whacking the market harder than before and more volatile than before, there was 193million of short volume and 1.31b of total trading volume just yesterday. It is not normal. They manipulate this very hard compare to usual volume which is less than half a billion.
Next, you can see many people like user name “Capoo” start to say negative things asking you to cash out before its too late etc, they are shorters from other platforms that want you to let go your stocks so that price drop even further due to panic selling and a number of them pose threats as it is delisting, where I had proven it is not based on other articles with reference. You can open my profile to view my other original posts.
So many panic selling and many manipulations happened to make people sell low when they bought high.
Next, there is a screenshot from Fintel with statistics on existing shorted shares of 36.3 million. It means they have not return these borrowed share, if we maintain resistance by not selling and continue holding our existing shares or buy the discounted dip that they forcefully sold at $1-1.2 to lower it to 0.72 yesterday post market, they only play this game among themselves until someone from shorter team holds the bag themselves as they must buy back 36.3million of shorted shares to return back. If each is $1, they must buy back 36.3million worth of stocks to return. If they don’t, they must pay more interest the longer they hold or borrow.
Odette MayFlower : There are more reddit posts from other users who explained this situation better on why sudden surge and drop. Yesterday is 3rd friday of the month so many options expire and must close yesterday. And some people’s settings for their stocks have trigger points to prevent huge loss so it auto sell once triggered before certain figures by the system.
I hope this helps.